SLS 10RS-831 ORIGINAL Page 1 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2010 SENATE BILL NO. 301 BY SENATOR WALSWORTH WORKFORCE DEVELOPMENT. Provides relative to the Incumbent Worker Training Program. (8/15/10) AN ACT1 To amend and reenact R.S. 23:1553(B)(6) and to repeal R.S. 23:1553(G), relative to the2 Incumbent Worker Training Program; to provide with respect to the Incumbent3 Worker Training Account; and to provide for related matters.4 Be it enacted by the Legislature of Louisiana:5 Section 1. R.S. 23:1553(B)(6) is hereby amended and reenacted to read as follows:6 ยง1553. Noncharging of benefits; recoupment; social charge account; social charge7 tax rate8 B.(1) * * *9 (6) No amounts shall be credited to the Incumbent Worker Training Account10 as provided under R.S. 23:1514 in any calendar year in which the applied trust fund11 balance is less than one billion dollars. Furthermore, following any year in which12 monies are appropriated from the Incumbent Worker Training Account for use13 in the state general fund, such appropriated amount shall be subtracted from14 amounts to be charged pursuant to Paragraphs (7) and (9) of this Subsection.15 * * *16 Section 2. R.S. 23:1553(G) is hereby repealed.17 SB NO. 301 SLS 10RS-831 ORIGINAL Page 2 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Mary Dozier O'Brien. DIGEST Present law includes no provision regarding assessments in the year after amounts have been appropriated from the Incumbent Worker Training Account for use in the state general fund. Proposed law provides that in the assessment year following a year in which amounts were appropriated from the Incumbent Worker Training Account for use in the state general fund, assessments shall not include the shortfall taken from the account in the previous year for use in the general fund. Proposed law repeals obsolete section. Effective August 15, 2010. (Amends R.S. 23:1553(B)(6) and repeals R.S. 23:1553(G))