The bill 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.
