§ 8–407
Statutes in effect as of October 1, 2026.
Md. Code Ann., Lab. & Empl. § 8-407 (2026)
Title 8. Unemployment Insurance
Subtitle 4. Funds
§ 8–407LinkCopy Citation
(a)
In accordance with and to obtain the advantages under Title XII of the Social Security Act the Secretary:
(1)
may apply for an advance to the Unemployment Insurance Fund; and
(2)
has responsibility for repayment of the advance.
(b)
Interest required to be paid on an advance under subsection (a) of this section:
(1)
shall be paid in a timely manner; and
(2)
may not be paid directly or indirectly from contributions or from the Unemployment Insurance Fund.