HRS §383-61.5
Employer payments for state unemployment loan interest
If the state borrows money from the federal government to pay unemployment benefits, the director can charge employers to cover the loan's principal and interest. The director must divide these charges fairly among employers.
employers
The statute, as written — Special assessments on employers to pay interest on loans from Secretary of Labor
Whenever the State requests a loan from the Secretary of Labor in accordance with title XII of the Social Security Act to pay expected benefit claims during a specified period of time, the director may assess all employers the amounts that are sufficient to pay the principal and interest costs on the loan; provided that the director develops a mechanism of distributing these payments among employers in a fair and equitable manner.
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