LEGISLATIVE SERVICES AGENCY OFFICE OF FISCAL AND MANAGEMENT ANALYSIS FISCAL IMPACT STATEMENT LS 7405 NOTE PREPARED: Feb 20, 2025 BILL NUMBER: SB 488 BILL AMENDED: Feb 13, 2025 SUBJECT: Skills Training Pilot Program. FIRST AUTHOR: Sen. Brown L BILL STATUS: As Passed Senate FIRST SPONSOR: Rep. Lopez FUNDS AFFECTED:XGENERAL IMPACT: State DEDICATED XFEDERAL Summary of Legislation: The bill provides that the Department of Workforce Development may establish a Reemployment Skills Training Pilot Program (pilot program) to supplement an individual's receipt of weekly unemployment benefits. If a pilot program is established, the bill would establish a Reemployment Skills Training Pilot Program Fund for the purpose of funding the program. The bill also specifies program requirements for participants and eligible providers. Effective Date: July 1, 2025. Explanation of State Expenditures: Department of Workforce Development: The bill may increase workload and expenditures for the Department of Workforce Development to establish the Reemployment Skills Training Pilot Program and establish and administer the Reemployment Skills Training Pilot Program Fund. The additional funds and resources required could be supplied through existing staff and resources currently being used in another program or with new appropriations. Ultimately, the source of funds and resources required to satisfy the requirements of this bill will depend on legislative and administrative actions. Reemployment Skills Training Pilot Program Fund: The bill establishes the Reemployment Skills Training Pilot Program Fund if the DWD establishes the pilot program. Money in the fund would pay the expenses of the fund. The fund would consist of appropriations from the General Assembly, federal grant funds, and gifts and donations to the fund. The bill does not make an appropriation. The Treasurer of State would invest the money in the fund. The bill’s requirements are within the agency’s routine administrative functions and should be able to be implemented with no additional appropriations, assuming near customary agency staffing and resource levels. Explanation of State Revenues: Explanation of Local Expenditures: SB 488 1 Explanation of Local Revenues: State Agencies Affected: Department of Workforce Development, Treasurer of State. Local Agencies Affected: Information Sources: Fiscal Analyst: Camille Tesch, 317-232-5293. SB 488 2