The act requires the state treasurer to transfer $1,500,000 from the general fund to the family and medical leave insurance fund for the purpose of defraying expenses incurred by the division of family and medical leave insurance (division) before the division receives premium revenue or revenue bond proceeds. The transfer is a loan from the state treasurer to the division that is required to be repaid and is not a grant for purposes of the state constitution or any other state law.
The division is required to repay the loan and accumulated interest by December 31, 2023.
Of the $1,500,000 transferred pursuant to the act:
- $1,162,202 is available for use by the division for program costs, including an additional 6.0 FTE;
- $231,920 is reappropriated to the office of the governor for use by the office of information technology to provide information technology services for the department of labor and employment; and
- $105,878 is reappropriated to the department of law to provide legal services for the department of labor and employment.
(Note: This summary applies to this bill as enacted.)