Pandemic Darlings The pandemic economy, in original documents
Home Source documents Coronavirus Relief Funds for the Unemployment Insurance Trust Fund (December 30, 2020)

Coronavirus Relief Funds for the Unemployment Insurance Trust Fund (December 30, 2020)

Summary

A December 30, 2020 letter from R. Brian Ball, Secretary of Commerce and Trade, to the Honorable Janet D. Howell and the Honorable Luke E. Torian reporting on the status of moneys received as a portion of the federal distributions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The letter states that, in accordance with 479.10 B.8 of the Budget Bill, $210,000,000 from the Coronavirus Relief Funds has been deposited by the Virginia Employment Commission to the Unemployment Insurance Trust Fund. It states that part of that amount will be used to repay the current loan balance and that the remaining funds, $88,508,825, will be used for the payment of benefits.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Cite this document

“Coronavirus Relief Funds for the Unemployment Insurance Trust Fund (December 30, 2020).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2021-rd6-28ba4f2947/, SHA-256 50cf9047cc251ef1ca34589b177fd3e4baef95cd4013b9a839bb039b4902a49d.

Full text

                                   COMMONWEALTH of VIRGINIA
                                                        Office of the Governor
R. Brian Ball
Secretary of Commerce and Trade


                                                             December 30, 2020




          VIA EMAIL

          The Honorable Janet D. Howell, Chair                               The Honorable Luke E. Torian, Chair
          Senate Finance and Appropriations Committee                        House Appropriations Committee
          P.O. Box 2608                                                      4222 Fortuna Plaza, Suite 659
          Reston, Virginia 20195                                             Dumfries, Virginia 22025

          Dear Chairwoman Howell and Chair Torian:

                  It is my pleasure to report to you on the status of moneys received as a portion of the
          federal distributions of Coronavirus Aid, Relief, and Economic Security (CARES) Act (P .L. 116-
          136).

                  In accordance with 479.10 B.8 of the Budget Bill, $210,000,000 from the Coronavirus
          Relief Funds has been deposited by the Virginia Employment Commission to the Unemployment
          Insurance Trust Fund. Of that amount, $121,491 ,175 will be used to repay the current loan
          balance held by the Unemployment Insurance Trust Fund. The remaining funds, $88,508,825,
          will be used for the payment of benefits.

                                                                    Sincerely yours,



                                                             7.~~   R. Brian Ball

          RBB/cls
          cc:   Aubrey Lane, Secretary of Finance
                Megan Healy, Ph.D., Chief Workforce Advisor
                Missy Neff, Legislative Director
                John Begala, Assistant Secretary of Commerce and Trade




                Patrick Henry Building • 1111 East Broad Street • Richmond, Virginia 23219 • (804) 786-783 1 • TIY (800) 828-1 [20

File and source

File
2021-RD6.pdf
Size
209,258 bytes
SHA-256
50cf9047cc251ef1ca34589b177fd3e4baef95cd4013b9a839bb039b4902a49d
Our copy
2021-RD6.pdf
Original
No public link identified.
Back to top