CA AB37

Requires the Employment Development Department to submit reports to the Legislature in May and October each year on the status of the Unemployment Fund and Unemployment Compensation Disability Fund, including fund balances, receipts, disbursements, claim data, tax rates, and employment levels

Mandates that whenever the Unemployment Fund shows a negative balance, the department must include in its status report the estimated cost impact on employers from Federal Unemployment Tax Act (FUTA) tax credit changes

Requires inclusion of the estimated interest charges the state is expected to pay on any outstanding loan to the federal government when the Unemployment Fund has a negative balance