Any individual who, by reason of a false statement or representation or failure to disclose a material fact, has received any sum as benefits to which he or she was not entitled shall be liable to repay such sum to the Commission for the fund plus interest at the rate of one percent (1%) per month or fraction thereof until repaid. The interest will cease to accrue when the total accrued interest equals the amount of the overpayment. If an overpayment is amended, the interest will cease to accrue when the total accrued interest equals the amount of the amended overpayment. Provided, the Commission may deduct such principal sum from any future benefits payable to said individual. If any individual, for any other reason, has received any sum as benefits under this act to which, under a redetermination or decision pursuant to this act, the individual has been found not entitled, he or she shall not be liable to repay such sum but shall be liable to have such sum deducted from any future benefits payable to the individual with respect to the benefit year current at the time of such receipt and the next subsequent benefit year that begins within one (1) year after the expiration of the benefit year current at the time of such receipt.

Laws 1980, SB 637, c. 323, § 2-613, eff. October 1, 1980; Amended by Laws 1981, HB 1399, c. 259, § 12, emerg. eff. June 25, 1981; Amended by Laws 1986, HB 1465, c. 205, § 5, emerg. eff. June 6, 1986; Amended by Laws 1987, HB 1207, c. 10, § 2, emerg. eff. March 31, 1987; Amended by Laws 1992, HB 2485, c. 318, § 1, emerg. eff. July 1, 1992.