Pub. L. 88-133, tit. III, sec. 303

Sec. 303. (a) Effective with respect to compensation paid after December 31, 1963, section 8(a)of the Railroad Unemployment Insurance Act is amended by striking out “3%” in the table and inserting in lieu thereof “4”. (b) Effective with respect to contributions collected by the Railroad Retirement Board pursuant to section 8(f) of the Railroad Unemployment Insurance Act on compensation paid after December 31, 1963, that part of such contributions equal to one-fourth of 1 per centum of the compensation on which such contributions are based shall, notwithstanding the provisions of section 10(b) of such Act, be applied by the Board exclusively for transfers from the railroad unemployment insurance account to the general fund of the Treasury until the full amount advanced from the general fund of the Treasury to the railroad unemployment insurance account pursuant to section 4 of the Temporary Extended Railroad Unemployment Insurance Benefits Act of 1961 has been repaid. (c) The last sentence of section 4 of the Temporary Extended Railroad Unemployment Insurance Benefits Act of 1961 is hereby 77 Stat. 223repealed, effective with respect to contributions collected on compensation paid after December 31, 1963.