Requires the employment security department to: (1) Establish and administer a family and medical leave insurance program; and

(2) Pay family and medical leave insurance benefits.

Allows workers to: (1) Care for family members with a serious health condition or to recover from their own serious health condition; and

(2) Deal with exigencies arising out of the military service of a family member.

Changes the name of the family leave insurance account to the family and medical leave insurance account.

Requires the state treasurer to, on July 1, 2017, transfer forty-two million dollars from the state general fund to the family and medical leave insurance account. The transfer is a loan for start-up costs of the program.