Arkansas § 11-10-1002 - Legislative findings and intent.

§ 11-10-1002. Legislative findings and intent.

The General Assembly finds that: With a recession or economic slowdown now underway, the state's unemployment trust fund faces higher claims levels and longer benefit durations that accompany any economic downturn; The Arkansas Unemployment Trust Fund: Provides partial wage replacement to workers who find themselves out of work; Provides economic stability for a community when major unemployment occurs; and Encourages workers to remain in the community and to be available for work recalls by employers; The state is in debt to the federal government for unemployment funds paid to citizens of the State of Arkansas; and The bonds should be payable from revenues raised by an unemployment obligation assessment.