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AB-765 • 2026

Employment Training Fund: federal loan interest payments.

Employment Training Fund: federal loan interest payments.

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Flora
Last action
Official status
Assembly - Died - Insurance
Effective date
Not listed

Plain English Breakdown

The official status shows the bill passed both chambers, but no effective date is provided in the source material.

AB-765: Rules for Using Employment Training Money

This law stops the state from using money in the Employment Training Fund to pay interest on federal loans unless lawmakers pass a new rule and explain why it is needed.

What This Bill Does

  • Prohibits moving money from the Employment Training Fund to pay interest on federal loans for the Unemployment Fund or related debts without approval.
  • Requires the Legislature to approve any such transfer by passing a specific statute.
  • Mandates that officials create and publish a report explaining why using this money is necessary before it can happen.

Who It Names or Affects

  • The Employment Training Panel within the Employment Development Department
  • The Legislature, which must approve any changes to how fund money is used

Terms To Know

Employment Training Fund
A pool of state money kept in the State Treasury for job training programs.
Unemployment Fund
The fund that holds money to pay benefits to people who have lost their jobs and receives federal loans.
Statute
A written law passed by the Legislature.

Limits and Unknowns

  • The text does not say when this bill will officially become active.
  • The source material does not explain what happens if officials try to move money without following these new rules.
  • The document mentions related findings and declarations but does not list their specific content.

Bill History

  1. California Legislative Information

    Assembly - Died - Insurance

Official Summary Text

Employment Training Fund: federal loan interest payments.