Iowa Code § 96.21

Termination
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Ifat any time Tit.IX of the Social Security Act, as amended, shall be amended or repealed by Congress or held unconstitutional by the supreme court of the United States, with the result that noportion of the contributions required under this chapter may be credited against the tax imposed by said Tit. IX, in any such event the operation of the provisions of this chapter requiring the payment of contributions and benefits shall immediately cease, the department shallthereupon requisition from the unemployment trust fund allmoneys therein standing to itscredit, and such moneys, together with anyother moneys in the unemployment compensation fund shall be refunded, without interest and under regulations prescribed by the department, to each employer by whom contributions have been paid, proportionately to the employer’s pro rata share of the total contributions paid under this chapter. Any interest or earnings of the fund shall be available to the department to pay for the costs of making such refunds. When the department shall have executed the duties prescribed in this section and performed such other acts as are incidental to the termination of itsduties under this chapter, the provisions ofthis chapter, intheir entirety, shall cease to be operative.

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