House Bill 5826 Summary

• Appropriates $100,000,000 in federal Coronavirus Relief Fund monies to the Department of Labor and Economic Opportunity's Unemployment Insurance Agency for the fiscal year ending September 30, 2020.

• Directs the Unemployment Insurance Agency to establish a loan program for individuals who applied for but have not yet received unemployment benefits during the COVID-19 pandemic.

• Requires automatic loan repayment collection from unemployment benefits paid to claimants, with procedures for collection if borrowers are later determined ineligible for benefits.

• Authorizes the Unemployment Insurance Agency to work with the Department of Treasury on loan program implementation and payment collection.

• Mandates a report to the legislature by October 31, 2020 detailing the loan program's results.