Nevada § 612.612 - Legislative findings and declarations

§ 612.612. Legislative findings and declarations

The Legislature hereby finds and declares that: 1. It is an important public policy of this State to maintain funds in an amount sufficient

to pay unemployment benefits when due; 2. Unemployment benefits payments are made from Nevada's account in the Unemployment

Trust Fund of the United States Treasury and are funded by employer contributions; 3. Borrowing from the Federal Government is the only option available to obtain sufficient

funds to pay benefits when the balance in Nevada's account in the Unemployment Trust

Fund of the United States Treasury is insufficient to make necessary payments; 4. Alternative methods of replenishing Nevada's account in the Unemployment Trust

Fund of the United States Treasury and establishing adequate balances therein may

reduce the costs of providing unemployment benefits and employers' costs of doing

business in this State; and 5. It is in the best interest of this State to authorize the issuance of bonds, when

appropriate, for the purpose of continuing the unemployment insurance program at the

lowest possible cost to this State and to employers in this State and to avoid reductions

in the federal unemployment tax credit.