2013 -- H 5814

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LC01729

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2013

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A N A C T

RELATING TO LABOR AND LABOR RELATIONS - UNEMPLOYMENT MANAGEMENT

TRUST FUND

     Introduced By: Representatives Handy, Williams, Bennett, Blazejewski, and Tomasso

     Date Introduced: February 28, 2013

     Referred To: House Finance

It is enacted by the General Assembly as follows:

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     SECTION 1. Title 28 of the General Laws entitled "LABOR AND LABOR

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RELATIONS" is hereby amended by adding thereto the following chapter:

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     CHAPTER 55

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UNEMPLOYMENT MANAGEMENT TRUST FUND

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     28-55-1. Establishment Sources Administration. – (a) There shall be established within

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the department of labor and training a special fund to be known as the Rhode Island

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Unemployment Management Fund.

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     (b) The fund shall be administered by the director of the department of labor and training

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or his or her designee, but in no case shall the director incur any liability beyond the amounts paid

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into and earned by the fund. All money in the fund shall be mingled and undivided.

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     (c) Unexpended balances and any earnings shall not revert to the general fund but shall

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remain in the Unemployment Management Trust Fund for use in accord with the purposes of this

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chapter.

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     (d) The general assembly designates that an appropriation of eight million dollars

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($8,000,000) of general revenue shall be deposited into the fund for fiscal years 2014 and 2015.

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An appropriation shall be deposited into the fund of five million dollars ($5,000,000) in fiscal

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year 2016, and the same amount adjusted for inflation each year thereafter.

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     (e) The director of the department of labor and training shall adjust the appropriation for

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inflation by applying the annual change in the December Consumer Price Index for All Urban

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Consumers (CPI-U), published by the Bureau of Labor Statistics of the United States Department

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of Labor, to the indexed appropriation amount used for the prior fiscal year calculation.

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     28-55-2. Purpose of fund. – Monies in the Unemployment Management Trust Fund shall

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be used to:

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     (1) Fund the provision of benefit claims specialists and employment and training

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specialists at the department of labor and training.

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     (2) Fund the payment of tuition costs for unemployed individuals at any college or

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university operated by the state, as described in section 28-42-81.

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     28-55-3. Investment of surplus accounts . – The general treasurer as custodian of this

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account is authorized to invest any monies not immediately necessary for the execution of the

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purposes of this account in the class of securities legal for the investment of public funds of this

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state.

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     SECTION 2. This act shall take effect upon passage.

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LC01729

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO LABOR AND LABOR RELATIONS - UNEMPLOYMENT MANAGEMENT

TRUST FUND

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     This act would create the Unemployment Management Trust Fund to fund the provision

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of benefit claims specialists and employment and training specialists at the Department of Labor

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and Training and to fund the payment of tuition and costs for unemployed individuals at any

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college or university operated by the state.

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     This act would take effect upon passage.

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LC01729

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