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Title 42, The Public Health and WelfareRelease 119-110

§1110 Borrowing Between Federal Accounts

Title 42 › CHAPTER 7 — SOCIAL SECURITY › SUBCHAPTER IX — EMPLOYMENT SECURITY ADMINISTRATIVE FINANCING › § 1110

Last updated Sep 23, 2026|Official source

Summary

When one unemployment account (Employment Security Admin, Federal Unemployment, or Extended Unemployment Compensation) won’t have enough money but another similar account has more than it needs, the Treasury Secretary, after consulting the Labor Secretary, must transfer from the extra account enough to cover the shortage or the excess, whichever is less. That transfer is a noninterest-bearing repayable advance and is not counted for calculations under sections 1101(f)(2), 1102(b), and 1105(b). If the receiving account later has more than it needs, the Treasury Secretary, after consulting the Labor Secretary, must return up to the amount advanced or the excess, whichever is less.

Full Legal Text

Title 42, §1110

The Public Health and Welfare, Source: USLM XML via OLRC

(a)In general
Whenever the Secretary of the Treasury (after consultation with the Secretary of Labor) determines that—
(1)the amount in the employment security administration account, Federal unemployment account, or extended unemployment compensation account, is insufficient to meet the anticipated payments from the account,
(2)such insufficiency may cause such account to borrow from the general fund of the Treasury, and
(3)the amount in any other such account exceeds the amount necessary to meet the anticipated payments from such other account,
the Secretary shall transfer to the account referred to in paragraph (1) from the account referred to paragraph (3) an amount equal to the insufficiency determined under paragraph (1) (or, if less, the excess determined under paragraph (3)).
(b)Treatment of advance
Any amount transferred under subsection (a)—
(1)shall be treated as a noninterest-bearing repayable advance, and
(2)shall not be considered in computing the amount in any account for purposes of the application of section 1101(f)(2), 1102(b), and 1105(b) of this title.
(c)Repayment
Whenever the Secretary of the Treasury (after consultation with the Secretary of Labor) determines that the amount in the account to which an advance is made under subsection (a) exceeds the amount necessary to meet the anticipated payments from the account, the Secretary shall transfer from the account to the account from which the advance was made an amount equal to the lesser of the amount so advanced or such excess.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 1110, act Aug. 14, 1935, ch. 531, title IX, § 910, 49 Stat. 644, related to conditions of additional credit allowance. For further details, see Prior Law note set out preceding section 1101 of this title.

Reference

Citations & Metadata

Citation

42 U.S.C. § 1110

Title 42, The Public Health and Welfare

Last Updated

Sep 23, 2026

Release point: 119-110