Louisiana 2010 2010 Regular Session

Louisiana Senate Bill SB301 Introduced / Bill

                    SLS 10RS-831	ORIGINAL
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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  R.S. 23:1553(G) is hereby repealed.17 SB NO. 301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
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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))