SLS 10RS-831 ENGROSSED Page 1 of 3 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 (7) and (G), relative to the Incumbent Worker2 Training Program; to provide with respect to the Incumbent Worker Training3 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) and (7) and (G) are hereby amended and reenacted6 to read as follows: 7 ยง1553. Noncharging of benefits; recoupment; social charge account; social charge8 tax rate9 B.(1) * * *10 (6) No amounts shall be credited to the Incumbent Worker Training Account11 as provided under R.S. 23:1514 in any calendar year in which the applied trust fund12 balance is less than one billion seven hundred fifty million dollars. Furthermore,13 following any year in which monies are appropriated from the Incumbent14 Worker Training Account for use in the state general fund, such appropriated15 amount shall be subtracted from amounts to be charged pursuant to16 Paragraphs (7) and (9) of this Subsection.17 SB NO. 301 SLS 10RS-831 ENGROSSED Page 2 of 3 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. (7) Amounts not to exceed twenty million dollars to be credited to the1 Incumbent Worker Training Account to fund the Incumbent Worker Training2 Program as provided under R.S. 23:1514 shall be charged to this account only in any3 calendar year in which the applied trust fund balance range as defined in R.S.4 23:1474 is equal to or greater than one billion seven hundred fifty million dollars,5 but less than one billion two hundred fifty million dollars and only in the amount6 necessary to bring the balance of unobligated funds in such subaccount to twenty7 million dollars.8 * * *9 G. The Incumbent Worker Training Program reauthorization shall coincide10 with the reauthorization of the department pursuant to R.S. 49:191 et seq. shall be11 expressly renewed by the legislature prior to July 1, 2015, in order for amounts12 credited to the Incumbent Worker Training account to be used to fund the13 program.14 The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Mary Dozier O'Brien. DIGEST Walsworth (SB 301) 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)) SB NO. 301 SLS 10RS-831 ENGROSSED Page 3 of 3 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Summary of Amendments Adopted by the Senate Committee Amendments Proposed by Senate Committee on Labor and Industrial Relations to the original bill. 1. Amendments reduce the trigger for providing no funding for the IWTP from one billion dollars to seven hundred fifty thousand dollars. 2. Amendments insert a sunset for the Incumbent Worker Training Program for July 1, 2015, calling for a reauthorization by the legislature prior to that date.