HB3200: UNEMPLOYMENT INS-RECOVERY

Legislative Summary

Reinserts the provisions of the engrossed bill with the following changes. Further amends the Unemployment Insurance Act. Specifies that provisions concerning the recovery of unclaimed property shall apply to individuals determined to be ineligible for benefits due to fraud. Provides that the Director of Employment Security may cooperate with and enter into agreements with the State Treasurer for the recovery of unclaimed property held by the State Treasurer in the name of an employer who owes contributions, interest, or penalties under this Act. Provides that the amount of unclaimed property the Director is authorized to recover under this subsection is limited to the amount of contributions, interest, penalties, and fees owed by the employer.