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Arkansas Code Title 11. Labor and Industrial Relations § 11-10-1002. Legislative findings and intent

Current as of March 28, 2024 | Updated by FindLaw Staff

The General Assembly finds that:

(1) With a recession or economic slowdown now underway, the state's unemployment trust fund faces higher claims levels and longer benefit durations that accompany any economic downturn;

(2) The Arkansas Unemployment Trust Fund:

(A) Provides partial wage replacement to workers who find themselves out of work;

(B) Provides economic stability for a community when major unemployment occurs; and

(C) Encourages workers to remain in the community and to be available for work recalls by employers;

(3) The state is in debt to the federal government for unemployment funds paid to citizens of the State of Arkansas; and

(4) The bonds should be payable from revenues raised by an unemployment obligation assessment.

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Cite this article: FindLaw.com - Arkansas Code Title 11. Labor and Industrial Relations § 11-10-1002. Legislative findings and intent - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-11-labor-and-industrial-relations/ar-code-sect-11-10-1002/

Read this complete Arkansas Code Title 11. Labor and Industrial Relations § 11-10-1002. Legislative findings and intent on Westlaw. Westlaw subscription required.

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