Okla. Stat. tit. 40, § 40-6-104

This is the official text of Okla. Stat. tit. 40, § 40-6-104, part of Oklahoma’s Stat. tit. 40, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 40,." Browse the sections below, each linked to its official government source.

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Computer fund assessments

Official statutory text

COMPUTER FUND ASSESSMENTS.

Oklahoma Statutes - Title 40. Labor Page 189

A. 1. For the period from July 1, 1997, to June 30, 1998, each

employer subject to the provisions of Sections 3-103, 3-109 and 3-

110 of Title 40 of the Oklahoma Statutes shall be required to pay an

OESC Computer Fund assessment equal to fifty percent (50%) of the

unemployment contributions that would be owed to the Oklahoma

Employment Security Commission before any rate reduction is made

pursuant to Section 3 of this act. This assessment shall be in

addition to any contribution which that employer is required to make

pursuant to the provisions of the Employment Security Act of 1980.

2. The assessment provided for in this section shall not be

considered part of any contribution required of an individual

employer pursuant to the Employment Security Act of 1980, nor shall

it be considered for purposes of determining the individual

employers contribution rate.

B. Employers assigned a tax rate pursuant to Sections 3-103 and

3-110 of Title 40 of the Oklahoma Statutes shall pay an OESC

Computer Fund assessment equal to the rate reduction granted them

pursuant to Section 3 of this act.

C. Employers who qualify for an earned rate calculated pursuant

to Section 3-109 of Title 40 of the Oklahoma Statutes, and are given

a rate of five and one-half percent (5.5%), shall be exempt from the

provisions of this section.

D. Employers making payments in lieu of contributions pursuant

to Sections 3-702, 3-705 and 3-806 of Title 40 of the Oklahoma

Statutes shall be exempt from the provisions of this section.

E. The assessment shall be made and collected by the Oklahoma

Employment Security Commission for deposit, on a quarterly basis, to

the credit of the OESC Computer Fund. Provided, all monies received

by the Oklahoma Employment Security Commission for the account of

the OESC Computer Fund, upon receipt, shall be deposited in a

clearance account in a financial institution located in this state.

F. Once the sum of Twenty Million Dollars ($20,000,000.00) is

collected through this assessment, any amount of money collected

through this assessment in excess of Twenty Million Dollars

($20,000,000.00) shall be transferred to the Unemployment

Compensation Fund.

G. The Oklahoma Employment Security Commission shall promulgate

such rules as may be necessary to implement the provisions of

Sections 3 through 7 of this act.

Status: in_force · Read it on the official government site

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