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Section 8-407 - Federal Advances — Maryland Law | CourtGPT
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Maryland Legal Code

Section 8-407 - Federal Advances

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(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.