BILL NUMBER: AB 226	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Solorio

                        FEBRUARY 2, 2011

   An act to amend Section 995 of the Unemployment Insurance Code,
relating to unemployment insurance.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 226, as introduced, Solorio. Unemployment insurance: reporting
requirements: status of funds.
   Existing unemployment insurance law requires the Employment
Development Department to submit to the Legislature in May and
October of each year a report on the status of the Unemployment Fund
and the Unemployment Compensation Disability Fund, containing actual
and forecasted information on the fund, as specified.
   This bill would additionally require the department, whenever the
Unemployment Fund contains a negative balance, to include in the
status report on the Unemployment Fund an estimate of the change in
the taxable wage ceiling or tax rates necessary to return this fund
to solvency within 5 years.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 995 of the Unemployment Insurance Code is
amended to read:
   995.   The   (a)    
Notwithstanding Section 10231.5 of the Government Code, the 
department shall submit to the Legislature in May and October of each
year a report on the status of the Unemployment Fund and the
Unemployment Compensation Disability Fund. Each report shall include
both actual and forecasted information on the fund balances,
receipts, disbursements, claim data, tax rates, and employment
levels. 
   (b) Whenever the Unemployment Fund contains a negative balance,
the department shall include in the status report on the Unemployment
Fund an estimate of the change in the taxable wage ceiling or tax
rates necessary to return this fund to solvency within five years.