"30 Whereas, it is estimated that another 66,000 workers who will need extended
31 benefits will not be able to access EUC after July 1, 2013, because of the effective date of July
32 1, 2013, for the cuts to benefits contained in House Bill 4; and
33 Whereas, by deliberately violating the federal agreement regarding EUC, North
34 Carolina will lose over $700 million in federal funds over the last six months of 2013; and
35 Whereas, it is estimated that the debt owed to the federal government for the
36 payment of unemployment insurance benefits will be paid off or other measures are available
Apr 11, 2013
HOUSE PRINCIPAL CLERKGeneral Assembly of North Carolina Session 2013
Page 2 DRH70293-LB-133 (04/04)
1 over the next three years so that reductions to employers' federal Unemployment Tax Credit
2 will end in 2016; Now, therefore,
3 The General Assembly of North Carolina enacts:
4 SECTION 1. Section 11 of S.L. 2013-2 reads as rewritten:
5 "SECTION 11. This act becomes effective July 1, 2013. January 1, 2014. Changes made
6 by this act to unemployment benefits apply to claims for benefits filed on or after July 1,
7 2013.January 1, 2014. Changes made by this act to require an account balance by an employer
8 that is a governmental entity or a nonprofit organization and that elects to finance benefits by
9 making reimbursable payments in lieu of contributions apply to advance payments payable for
10 calendar quarters beginning on or after July 1, 2013. January 1, 2014. Changes made by this act
11 to the determination and application of the contribution rate apply to contributions payable for
12 calendar quarters beginning on or after January 1, 2014."
13 SECTION 2. This act is effective when it becomes law."
If the Fed. Gov. doesn't have the money to LOAN NC, how is NC going to pay out the "benefits". If the state doesn't have the money, it doesn't have the money, correct? It's not like NC "prints" money it gets it from other sources including the Federal Government.