for payment to such worker the amounts of such benefits to which such worker and the Secretary of the Treasury shall make payments to such worker, in accordance with such certification, from the fund. "limitation on benefits "Sec. 834. In no case shall any displaced worker be eligible for benefits under section 832(a) unless such worker agrees (1) to maintain, on a current basis, during the period of displacement, an active registration with the Secretary of Labor or an appropriate State employment agency, as the case may be, and (2) to accept any employment determined by the Secretary of Labor or agency, as the case may be, to be of the same skill or work of a similar nature, at the same pay as such worker was receiving before such worker was displaced. No such benefits shall be paid under this title to any worker who fails to maintain such registration or to accept such employment. "treatment of unemployment compensation "Sec. 835. In no case shall any adjustment benefits paid pursuant to this title be taken into consideration in determining eligibility for, or the amount of, unemployment compensation under any Federal or State unemployment compensation law. "termination of benefits "Sec. 836. Adjustment benefits shall terminate when a worker eligible for benefits accepts employment providing 90 percent of that worker's previous wages, or 2 years after displacement, whichever occurs sooner. TITLE V--COMMUNITY AND EMPLOYEE ECONOMIC Adjustment Fund "fund established "Sec. 841. There is established in the Treasury of the United States a trust fund to be known as the Community and Employee Economic Adjustment Reserve Trust Fund. "deposits into the fund "Sec. 842. (a) To carry out the provisions and programs of this title, two and one-half percent of the sum of the Department of Defense's Operations and Maintenance, Procurement, Research, Development, Test and Evaluation (RDTE), Military Construction Budget Authority and the Department of Energy Budget Authority shall be set aside, beginning with the fiscal year in which this title becomes effective and shall be set-aside each year thereafter; or 33 1/3% of the Department of Defense and Department of Energy budget cuts; whichever is greater; such sum to be deposited by the Secretary of the Treasury into the Community and Employee Economic Adjustment Fund. "Sec. 842 (b) One-fourth of the Fund shall be committed to Community Defense Economic Adjustment planning grants and the remainder shall be committed to Employee Adjustment Assistance. "management of the fund "Sec. 843. (a) It shall be the duty of the Secretary of the Treasury to invest such portion of the moneys in the fund as is not, in the judgment of the Secretary, required to meet current withdrawal requirement. Such investments may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States. For such purpose, such obligations may be acquired (1) on original issue at the issue price, or (2) by purchase of outstanding obligations at the market price. The purposes for which obligations of the United States may be issued under chapter 31 of title 31, United States Code, are hereby extended to authorize the issuance at par of special obligations exclusively to the fund. Such special obligations shall bear interest at a rate equal to the average rate of interest, computed as to the end of the calendar month next preceding the date of such issue, borne by all marketable interestbearing obligations of the United States then forming participate in planning, education and training programs conducted by grantees under the authority of this title. TITLE VII--AUTHORIZATION OF APPROPRIATIONS "appropriations authorized "Sec. 851. There are authorized to be appropriated such sums as may be necessary to carry out the provisions of this title." |