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