                                 CODE OF VIRGINIA

USE OF COLLECTIONS IN FINANCING ADMINISTRATIVE EXPENDITURES (§ 60.2-117)

If § 303 (a) (5) of Title III of the Social Security Act (42 U.S.C. § 503 (a)
(5)) and § 3304 (a) (4) of the Internal Revenue Code (26 U.S.C.) are amended to
permit a state agency to use, in partial or complete substitution for grants
under such Title III, for financing administrative expenditures incurred in
carrying out its employment security functions, some part of the moneys
collected or to be collected under the state unemployment compensation law, this
title shall, by Commission proclamation and rules to be issued with the
Governor&#8217;s approval, be modified in the manner and to the extent and
within the limits necessary to permit such use by the Commission under this
title. Such modifications shall become effective on the same date as such use
becomes permissible under such federal amendments.

HISTORY: Code 1950, § 60-64; 1956, c. 440; 1968, c. 738, § 60.1-76; 1986, c.
480.