[Federal Register Volume 76, Number 232 (Friday, December 2, 2011)]
[Notices]
[Page 75563]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-30966]


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DEPARTMENT OF LABOR

Employment and Training Administration


Notice for Delay of Payment of Title XII Interest for Three 
States

AGENCY: Employment and Training Administration, Labor.

ACTION: Notice.

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SUMMARY: This notice announces the approval for delay of Title XII 
interest payment for three states.
     Section 1202(b)(3)(B) of the Social Security Act permits a 
state to delay payment of interest accrued on Title XII advances made 
during the last five months of the Federal fiscal year (FY) (May, June, 
July, August, and September) to no later than December 31 of the next 
succeeding calendar year. Interest on the delayed payment will accrue 
from the normal due date (i.e., September 30) and in the same manner as 
if the interest due on the advance(s) was an advance made on such due 
date. During fiscal year 2011, the States of Colorado and New Jersey 
had requested delay of payment for interest accrued on advances taken 
during the last five months of FY 2011. Delay of interest payment for 
these States was granted until December 31, 2012, however New Jersey 
opted to repay their entire accrued interest liability on September 30, 
2011.
     Section 1202(b)(9) of the Social Security Act permits a 
state to delay for a period not to exceed nine months the Title XII 
interest payment due prior to October 1 if, for the most recent 12-
month period prior to such October 1 for which data are available, the 
state had an average total unemployment rate of 13.5 percent or 
greater. An interest payment delayed under paragraph (9) must be paid 
in full not later than the last official Federal business day prior to 
the following July 1, allowing that at the state's option payment of 
delayed interest may be accelerated. No interest shall accrue on such 
delayed payment. The State of Nevada had requested delay of payment for 
accrued interest based on these high unemployment provisions, and such 
delay was granted until June 30, 2012.

FOR FURTHER INFORMATION CONTACT: Thomas Stengle, U.S. Department of 
Labor, Employment and Training Administration, Office of Unemployment 
Insurance, 200 Constitution Avenue NW., Frances Perkins Bldg. Room S-
4524, Washington, DC 20210, telephone number (202) 693-2991 (this is 
not a toll-free number) or by email: [email protected].

    Signed in Washington, DC this 23rd day of November, 2011.
Jane Oates,
Assistant Secretary, Employment and Training Administration.
[FR Doc. 2011-30966 Filed 12-1-11; 8:45 am]
BILLING CODE 4510-FW-P