| 1 | 1 | | 87S30315 RDS-D |
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| 2 | 2 | | By: Nelson S.B. No. 2 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to an appropriation of certain federal coronavirus relief |
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| 8 | 8 | | money for paying down the state's unemployment insurance debt. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. APPROPRIATION: UNEMPLOYMENT COMPENSATION FUND. |
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| 11 | 11 | | For the two-year period beginning on the effective date of this Act, |
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| 12 | 12 | | the amount of $7,245,419,946 is appropriated to the comptroller of |
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| 13 | 13 | | public accounts from money received by this state from the |
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| 14 | 14 | | Coronavirus State Fiscal Recovery Fund (42 U.S.C. Section 802) |
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| 15 | 15 | | established under the American Rescue Plan Act of 2021 (Pub. L. |
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| 16 | 16 | | No. 117-2) and deposited to the credit of the Coronavirus Relief |
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| 17 | 17 | | Fund No. 325, for deposit to the credit of the unemployment |
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| 18 | 18 | | compensation fund under Section 203.021, Labor Code, for the |
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| 19 | 19 | | purpose of paying back outstanding advances received by this state |
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| 20 | 20 | | under Section 1201, Social Security Act (42 U.S.C. Section 1321), |
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| 21 | 21 | | and returning the unemployment compensation fund to the statutory |
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| 22 | 22 | | floor computed under Section 204.061, Labor Code, on October 1, |
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| 23 | 23 | | 2021, as reimbursement for payments made as a result of the |
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| 24 | 24 | | coronavirus disease pandemic. |
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| 25 | 25 | | SECTION 2. EFFECTIVE DATE. This Act takes effect |
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| 26 | 26 | | immediately if it receives a vote of two-thirds of all the members |
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| 27 | 27 | | elected to each house, as provided by Section 39, Article III, Texas |
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| 28 | 28 | | Constitution. If this Act does not receive the vote necessary for |
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| 29 | 29 | | immediate effect, this Act takes effect on the 91st day after the |
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| 30 | 30 | | last day of the legislative session. |
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