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(vi) repay outstanding advances under Title XII of the Social Security

Act.

(2) For calendar year 2013 through the year determined under section

301.8(b)(4), the maximum Interest Factor rate shall be one and

one-tenth per centum (1.1%). For calendar years following the year

determined under section 301.8(b)(4), the maximum Interest Factor

rate shall be one per centum (1.0%).

(d) Contributions paid by or on behalf of an employer under this act, other than

employe contributions under section 301.4, shall be allocated first to the

employer's liability under this section. This subsection shall apply to

contributions for any calendar quarter that ends at a time when bonds

issued under Article XIV are outstanding.

(e) In the event the amount of additional contributions collected under this

section for a calendar year exceeds the amount necessary for the purposes

enumerated in subsection (c) for that year, the department may use such

excess contributions for the purposes enumerated in subsection (c) for

the following year and, to the extent available, to reduce the amount of

additional contributions that would be required for the following year.

(f) No Interest Factor shall be required for any year for which funding is not

required for any of the purposes enumerated in subsection (c). (301.6 amended June 12, 2012, P.L.577, No.60). Compiler’s Note: Section 18(2) of Act 60 of 2012, which amended section 301.6, provided that the amendment of section 301.6 shall apply to calculation of the interest factor for calendar year 2013 and thereafter. Section 301.7. Trigger Determination.--

(a) On July 1 of every year, the secretary shall calculate the trigger percentage