Pub. L. 88-133, tit. III, sec. 305
Pub. L. 88-133, tit. III, sec. 305
Sec. 305. Effective after June 30, 1964, section 10(d) of the Railroad Unemployment Insurance Act is amended by striking out “the rate of 3 per centum per annum” and inserting in lieu thereof “a rate for each fiscal year equal to the average rate of interest borne by all special obligations held by the Railroad Retirement Account on the last day of the preceding fiscal year, rounded to the nearest multiple of one-eighth of I per centum”.