Sunday, October 12, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB1223: Employment Commission; must maintain at least one regional office in each planning district.
Be it enacted by the General Assembly of Virginia:
1. That § 60.2-111 of the Code of Virginia is amended and reenacted as follows:
§ 60.2-111. Duties and powers of Commission.
A. It shall be the duty of the Commission to administer this
title. It shall have power and authority to adopt, amend, or rescind such rules
and regulations, to employ such persons, make such expenditures, require such
reports, make such investigations, and take such other action, including the
appointment of advisory groups, as it deems necessary or suitable to that end.
Such rules and regulations shall be subject to the provisions of Chapter 40 (§
2.2-4000 et seq.) of Title 2.2, except as to the subject matter of subdivisions
2 and 3 of § 60.2-515, which shall become effective in the manner prescribed by
§ 2.2-4103. The Commission shall determine its own organization and methods of
procedure in accordance with provisions of this title, and shall,
except that the Commission shall maintain at least one regional office in each
planning district in Virginia.
The Commission shall have an official seal which shall be
judicially noticed.
B. The Commission shall prepare an annual balance sheet of the moneys in the fund and in the Unemployment Trust Fund to the credit of the Commonwealth in which there shall be provided, if possible, a reserve against the liability in future years to pay benefits in excess of the then current taxes. That reserve shall be set up by the Commission in accordance with accepted actuarial principles on the basis of statistics of employment, business activity, and other relevant factors for the longest possible period. Whenever the Commission believes that a change in tax or benefit rates is necessary to protect the solvency of the Fund, it shall promptly so inform the Governor and the General Assembly and make recommendations with respect thereto.
Additional Data
Explanation
This is the actual text of the bill — the legislation itself. Generally this is amending existing law, proposing the addition or removal of words from laws that are already on the books.
Words that are highlighted in yellow are
proposed additions, and words that are crossed out in
red are proposed removals.
The numbers with the § symbol before them are references to existing laws, and if you click on them they’ll take you to that part of the law on the state's website.