ADVANCES TO STATE UNEMPLOYMENT FUNDS.

SEC. 213. ADVANCES TO STATE UNEMPLOYMENT FUNDS. (a) Advances To Be Made for 3-Month Periods.—Paragraph (1) of section 1201(a) of the Social Security Act is amended— (1) by striking out “any month” and inserting in lieu thereof “any 3-month period”; (2) by striking out “the preceding month” and inserting in lieu thereof “the month preceding the first month of such 3-month period”; and (3) by striking out “such month” and inserting in lieu thereof “each month of such 3-month period”. (b) Applications.—Paragraph (2) of such section 1201(a) is amended— (1) by striking out “any month” each place it appears and inserting in lieu thereof “any 3-month period”, and (2) by striking out “such” month” each place it appears and inserting in lieu thereof “each month of such 3-month period”. (c) Section 1201 (b) of such Act is amended— (1) by inserting “in monthly installments” immediately after “transfer” where it first appears therein, and 90 STAT. 2678 (2) by adding at the end thereof the following new sentence; amount of any monthly installment so transferred shall not exceed the amount estimated by the State to be required for the payment of compensation for the month with respect to which such installment is made.” (d) Effective Date.—The amendments made by this section shall take effect on the date of the enactment of this Act.