§4748 Reimbursement to Fund

Summary

When a participating State takes money out of a reserve fund under its agreement, it must send the Fund an extra payment within 15 calendar days. That payment is the amount withdrawn multiplied by a special factor. The factor is the State’s contributions to the funds that must be reimbursed divided by two times the State’s total contributions to all reserve funds. Total contributions can include money the State put in before joining if it kept its old program. The Fund can use these repaid dollars to make other reimbursements under the program.