This bill proposes amendments to the Code of West Virginia, specifically targeting the unemployment compensation system. It introduces a new section, 21A-9-10, which establishes the Unemployment Automation and Administration Fund. This fund will receive seven percent of employer contributions as specified in section 21A-5-5, with the aim of modernizing and enhancing WorkForce West Virginia's automation and initiatives. The bill sets a cap on contributions to the fund, ceasing deposits once it reaches $18 million in a fiscal year or if the Unemployment Compensation Trust Fund falls below $300 million.

Additionally, the bill grants the Commissioner of WorkForce West Virginia the authority to disburse funds from the Unemployment Automation and Administration Fund for various purposes, including modernizing the unemployment compensation system, upgrading job search systems, covering essential administrative costs, and supporting workforce development initiatives. The Commissioner is also empowered to promulgate legislative rules to facilitate these efforts. Overall, the bill aims to improve the efficiency and effectiveness of unemployment services in West Virginia while ensuring financial stability within the unemployment compensation framework.

Statutes affected:
Introduced Version: 21A-5-5, 21A-9-10