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Interest rate on Title XII advances for calendar year 2002

Summary ETA told state unemployment agencies that the U.S. Treasury would charge 6.2718 percent interest on Title XII advances during calendar year 2002. The letter required no action from states. ETA now labels it Canceled, and the announced rate was limited to 2002.
Document
Federal guidance
Agency
U.S. Department of Labor, Employment and Training Administration (ETA)
Document number
UIPL No. 12-02
Date issued
February 14, 2002
Status
Withdrawn
ETA labels this advisory Canceled without identifying a cancellation instrument. The announced rate applied to calendar year 2002, and the letter expired February 28, 2003.
Status last verified October 25, 2026
Topics
Unemployment Insurance Financing Interest Rates
Source
View the official document

Is this still the rule?

This document has been withdrawn. Ezel checks what federal law requires today, under current federal labor law, and answers your situation with citations.

This document has been withdrawn
ETA labels this advisory Canceled without identifying a cancellation instrument. The announced rate applied to calendar year 2002, and the letter expired February 28, 2003. It no longer reflects the agency's current position. Treat this page as historical context, not current guidance, and verify current law before relying on anything here.
About this page: The full text below is the official document from U.S. Department of Labor, Employment and Training Administration (ETA). Ezel adds the plain-English summary and tracks the document's status. The official source linked on this page is authoritative for any reliance.

Employment and Training Administration Advisory System
U.S. Department of Labor
Washington, D.C. 20210
Classification: OWS
Correspondence symbol: TEUFA
Date: February 14, 2002

ADVISORY: UNEMPLOYMENT INSURANCE PROGRAM LETTER NO. 12-02

TO: ALL STATE WORKFORCE AGENCIES

FROM: GRACE A. KILBANE
Administrator
Office of Workforce Security

SUBJECT: Interest Rate on Title XII Advances During Calendar Year 2002

RESCISSIONS: None
EXPIRATION DATE: February 28, 2003

  1. Purpose. To announce the rate of interest the U.S. Treasury Department will charge on Title XII advances during calendar year 2002.

  2. Background. The criteria for establishing the rate of interest to be charged on Title XII advances during any calendar year are in Section 1202(b)(4) of the Social Security Act.

  3. Calendar Year 2002 Interest Rate. The U.S. Treasury Department has announced that the rate of interest to be charged for calendar year 2002 is 6.2718 percent.

  4. Action Required. None.

  5. Inquiries. Direct questions to the appropriate Regional Office.

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