# 21 V.S.A. § 1309: Reports; solvency of Trust Fund

> Vermont · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VT_T21_C17_S1309

## Section

- **Citation:** 21 V.S.A. § 1309
- **Heading:** Reports; solvency of Trust Fund
- **Jurisdiction:** Vermont
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** VT Code / Title 21 / Chapter 17 / Section 1309

## Text

(a)(1) On or before January 31 of each year, the Commissioner shall submit to the Governor and the Chairs of the Senate Committees on Economic Development, Housing and General Affairs and on Finance and the House Committees on Commerce and Economic Development and on Ways and Means a report covering the administration and operation of this chapter during the preceding calendar year.

(2) The report shall include:

(A) a balance sheet of the monies in the Fund and data as to probable reserve requirements based upon accepted actuarial principles, with respect to business activity, and other relevant factors for the longest available period;

(B) recommendations for amendments of this chapter as the Board considers proper; and

(C) an accounting of the amount of supplemental benefits paid to claimants pursuant to subdivision 1338(e)(2) of this chapter.

(b) Whenever the Commissioner believes that the solvency of the Fund is in danger or the balance of the Fund drops below $180,000,000.00, the Commissioner shall promptly inform the Governor and the Chairs of the Senate Committees on Economic Development, Housing and General Affairs and on Finance and the House Committees on Commerce and Economic Development and on Ways and Means and make recommendations for preserving an adequate level in the Trust Fund. The provisions of 2 V.S.A. § 20(d) (expiration of required reports) shall not apply to the report to be made under this section.

## Nearby sections

- [21 V.S.A. § 1301 § 1301. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_VT_T21_C17_S1301.md)
- [21 V.S.A. § 1301a § 1301a. Department of Labor; composition](https://www.frixlaw.com/law-library/statutes/STATE_VT_T21_C17_S1301a.md)
- [21 V.S.A. § 1302 § 1302. Vermont Employment Security Board; composition; duties](https://www.frixlaw.com/law-library/statutes/STATE_VT_T21_C17_S1302.md)
- [21 V.S.A. § 1303 § 1303. Compensation](https://www.frixlaw.com/law-library/statutes/STATE_VT_T21_C17_S1303.md)
- [21 V.S.A. § 1304 § 1304. Quorum](https://www.frixlaw.com/law-library/statutes/STATE_VT_T21_C17_S1304.md)
- [21 V.S.A. § 1305 § 1305. Divisions; Comprehensive Employment and Training Office](https://www.frixlaw.com/law-library/statutes/STATE_VT_T21_C17_S1305.md)
- [21 V.S.A. § 1305a § 1305a. Comprehensive Employment and Training Office](https://www.frixlaw.com/law-library/statutes/STATE_VT_T21_C17_S1305a.md)
- [21 V.S.A. § 1307 § 1307. Commissioner of Labor, duties and powers of](https://www.frixlaw.com/law-library/statutes/STATE_VT_T21_C17_S1307.md)
- [21 V.S.A. § 1308 § 1308. Organization](https://www.frixlaw.com/law-library/statutes/STATE_VT_T21_C17_S1308.md)
- [21 V.S.A. § 1309 § 1309. Reports; solvency of Trust Fund](https://www.frixlaw.com/law-library/statutes/STATE_VT_T21_C17_S1309.md)
- [21 V.S.A. § 1311 § 1311. Employees](https://www.frixlaw.com/law-library/statutes/STATE_VT_T21_C17_S1311.md)
- [21 V.S.A. § 1311a § 1311a. Professional training for employees](https://www.frixlaw.com/law-library/statutes/STATE_VT_T21_C17_S1311a.md)
- [21 V.S.A. § 1312 § 1312. Publication of rules and reports](https://www.frixlaw.com/law-library/statutes/STATE_VT_T21_C17_S1312.md)
- [21 V.S.A. § 1314 § 1314. Reports and records; separation information; determination of eligibility; failure to report employment information; disclosure of information to other State agencies to investigate misclassification or miscoding](https://www.frixlaw.com/law-library/statutes/STATE_VT_T21_C17_S1314.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VT_T21_C17_S1309. Check the current official text before relying on it. Not legal advice.