Bill Summaries: S99 (2011-2012 Session)

Tracking:
  • Summary date: Mar 28 2011 - View summary

    AN ACT TO EXPEDITE THE ANALYSIS OF THE TAX STRUCTURE FOR UNEMPLOYMENT INSURANCE IN NORTH CAROLINA GIVEN THE SUBSTANTIAL NEGATIVE BALANCE IN THE STATE'S UNEMPLOYMENT INSURANCE TRUST FUND AND THE SUBSTANTIAL FEDERAL LOAN BALANCE OWED BY THE STATE FOR PAYMENT OF UNEMPLOYMENT INSURANCE BENEFITS. Summarized in Daily Bulletin 2/22/11 and 3/16/11. Enacted March 25, 2011. Effective March 25, 2011.


  • Summary date: Mar 16 2011 - View summary

    House committee substitute makes the following changes to 1st edition. Provides that a contract to obtain consultant services under the act is not subject to Article 3C of GS Chapter 143. Deletes provision requiring the Department of Commerce (Department) to begin work immediately to identify a qualified independent consultant with the necessary expertise and expedite entering into a contract. Allows the consultation contract to be funded from (1) funds available within the Employment Security Commission and (2) non-state or nongovernmental funds, grants, and in-kind contributions specifically designated for carrying out the analysis required by the act (was, contract may be funded from departmental funds and allowed the Department to seek and accept non-state funds, grants, and in-kind contributions).


  • Summary date: Feb 22 2011 - View summary

    Directs the Department of Commerce (Department) to contract with an independent consulting firm that specializes in unemployment insurance and employment security reform, to obtain recommendations on tax structure changes and on how the revenues and other financial options may service and liquidate the state’s debt liability for unemployment insurance benefits and the deficit in the North Carolina Unemployment Insurance Trust Fund. Directs the Department to expedite entering into a contract with the consultant. Requires the Department to provide progress updates to the Fiscal Research Division and the Program Evaluation Division. Instructs the Department to report to the Governor and the General Assembly on the consultant’s reform recommendations within 45 days after analysis completion. Directs the Employment Security Commission and the Department of Revenue to cooperate to implement the purposes of the act. Includes whereas clauses.