The CARES Act Steering Committee, created by Governor Asa Hutchinson to recommend the best use of federal COVID-19 aid, meets virtually at 10 a.m. Friday, September 25, 2020. (Click on Play Button Above)

$165 Million Approved For Unemployment Fund

The group tasked with disbursing the $1.25 billion Arkansas received from the CARES Act has approved new funds to go toward stabilizing the state’s Unemployment Insurance Trust Fund.

Members of the state CARES Act steering committee on Friday voted to approve the infusion of $165 million from the federal coronavirus bailout to the fund at a meeting held virtually. This comes as the panel faced a deadline of Sept. 30 to stabilize the fund, otherwise employers would have to pay an extra $10 per employee per year in taxes.

https://www.ualrpublicradio.org/post/arkansas-panel-approves-165-million-unemployment-fund

Arkansas Panel Approves $165 Million For Unemployment Fund
The group tasked with disbursing the $1.25 billion Arkansas received from the CARES Act has approved new funds to go toward stabilizing the state's Unemployment Insurance Trust Fund. Members of the state CARES Act steering committee on Friday voted to approve the infusion of $165 million from the federal coronavirus bailout to the fund at a meeting held virtually.