HB 5607 — AN ACT CONCERNING THE USE OF COVID-19 RELIEF FUNDS TO REPLENISH THE UNEMPLOYMENT COMPENSATION TRUST FUND.

House of Representatives General Assembly CommitteeFile Bill No.

5607643 January Session, 2021 LCOSubstitute House Bill No.

55855607 ReferredHouse toof Representatives, May 10, 2021 The Committee on APPROPRIATIONSAppropriations Introducedreported by:through REP.

(APP)WALKER ANof ACTthe CONCERNING93rd THEDist., USEChairperson OFof COVID-19the RELIEFCommittee FUNDSon TOthe REPLENISHpart THEof UNEMPLOYMENTthe COMPENSATIONHouse, TRUSTthat FUND.the substitute bill ought to pass.

AN ACT CONCERNING THE USE OF COVID-19 RELIEF FUNDS TO REPLENISH THE UNEMPLOYMENT COMPENSATION TRUST FUND.

(Effective from passage) The Secretary of the Office of Policy and Management shall deposit ____a dollars,portion fromof the undisbursed portion of funds received by the state pursuant to the Coronavirus Aid, Relief, and Economic Security Act, P.L.

Section 1 from passage New section StatementAPP ofJoint Purpose:Favorable Subst.

TosHB5607 require/ thatFile aNo. portion of COVID-19 relief funds be deposited into the Unemployment Compensation Trust Fund.

LCO643 1 HB5607 File No.

5585643 1The offollowing 2Fiscal CommitteeImpact Statement and Bill No.Analysis are prepared for the benefit of the members of the General Assembly, solely for purposes of information, summarization and explanation and do not represent the intent of the General Assembly or either chamber thereof for any purpose.

5607In thatgeneral, whenfiscal theimpacts entireare textbased ofupon a billvariety or resolution or a section of ainformational billsources, orincluding resolutionthe isanalyst’s new,professional itknowledge. is not underlined.] Co-Sponsors:

REP.Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.

CANDELORA,OFA 86thFiscal Dist.;Note State Impact:

REP.None Municipal Impact:

DEVLIN,None 134thExplanation Dist.The bill, which requires the Secretary of the Office of Policy and Management to deposit an unspecified amount of federal stimulus funds in the Unemployment Compensation Trust Fund (UCF), does not result in any fiscal impact to the UCF.

REP.In the absence of any other funding source, the UI Trust Fund would be replenished using borrowed federal dollars.

O'DEA,The 125thOut Dist.;Years State Impact:

REP.None Municipal Impact:

PERILLO,None 113thHB5607 Dist./ File No.

REP.643 2 HB5607 File No.

REBIMBAS,643 70thOFA Dist.;Bill Analysis HB 5607 AN ACT CONCERNING THE USE OF COVID-19 RELIEF FUNDS TO REPLENISH THE UNEMPLOYMENT COMPENSATION TRUST FUND.

REP.SUMMARY:

ZUPKUS,The 89thbill Dist.requires the Secretary of the Office of Policy and Management to deposit a portionofundisbursedfederalstimulus funds into the Unemployment Compensation Trust Fund.

REP.EFFECTIVE DATE:

FISHBEIN,Upon 90thpassage Dist.;COMMITTEE ACTION Appropriations Committee Joint Favorable Substitute Yea 50 Nay 0 (4/21/2021) HB5607 / File No.

REP.643 3

ZAWISTOWSKI, 61st Dist.

REP.

BOLINSKY, 106th Dist.;

REP.

FRANCE, 42nd Dist.

REP.

KLARIDES-DITRIA, 105th Dist.;

REP.

FERRARO, 117th Dist.

H.B.

5607 LCO No.

5585 2 of 2