§ 1105.
(b)
Transfers to account
(1)
Except as provided in paragraph (3), the Secretary of the Treasury shall transfer (as of the close of each month) from the employment security administration account to the extended unemployment compensation account established by subsection (a), an amount (determined by such Secretary) equal to 20 percent of the amount by which—
(B)
the payments during such month from the employment security administration account pursuant to section 1101(b)(3) and (d) of this title.
If for any such month the payments referred to in subparagraph (B) exceed the transfers referred to in subparagraph (A), proper adjustments shall be made in the amounts subsequently transferred.
(2)
Whenever the Secretary of the Treasury determines pursuant to
section 1101(f) of this title that there is an excess in the employment security administration account as of the close of any fiscal year beginning after
June 30, 1972, there shall be transferred (as of the beginning of the succeeding fiscal year) to the extended unemployment compensation account the total amount of such excess or so much thereof as is required to increase the amount in the extended unemployment compensation account to whichever of the following is the greater:
(B)
the amount (determined by the Secretary of Labor and certified by him to the Secretary of the Treasury) equal to 0.5 percent of the total wages subject (determined without any limitation on amount) to contributions under all State unemployment compensation laws for the calendar year ending during the fiscal year for which the excess is determined.
(3)
The Secretary of the Treasury shall make no transfer pursuant to paragraph (1) as of the close of any month if he determines that the amount in the extended unemployment compensation account is equal to (or in excess of) the limitation provided in paragraph (2).
([Aug. 14, 1935, ch. 531], title IX, § 905, as added [Pub. L. 91–373, title III, § 305(a)], Aug. 10, 1970, [84 Stat. 716]; amended [Pub. L. 92–329, § 2(c)], June 30, 1972, [86 Stat. 398]; [Pub. L. 94–566, title II, § 211(e)(2) [(c)(2)]], Oct. 20, 1976, [90 Stat. 2677]; [Pub. L. 97–248, title II], §§ 271(b)(2)(B), 275, Sept. 3, 1982, [96 Stat. 555], 558; [Pub. L. 100–203, title IX], §§ 9154(b)(2), (c)(1), 9155(a), Dec. 22, 1987, [101 Stat. 1330–326]; [Pub. L. 102–318, title V, § 531(a)], July 3, 1992, [106 Stat. 315]; [Pub. L. 103–152, § 5], Nov. 24, 1993, [107 Stat. 1518].)