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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 ENROLLED
SENATE BILL NO. 301
BY SENATOR WALSWORTH
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
(7) Amounts not to exceed twenty million dollars to be credited to the18
Incumbent Worker Training Account to fund the Incumbent Worker Training19
Program as provided under R.S. 23:1514 shall be charged to this account only in any20
calendar year in which the applied trust fund balance range as defined in R.S.21
23:1474 is equal to or greater than one billion seven hundred fifty million dollars,22
but less than one billion two hundred fifty million dollars and only in the amount23
necessary to bring the balance of unobligated funds in such subaccount to twenty24
million dollars.25
* * *26
G. The Incumbent Worker Training Program reauthorization shall coincide27
ACT No. 776 SB NO. 301 ENROLLED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
with the reauthorization of the department pursuant to R.S. 49:191 et seq. shall be1
expressly renewed by the legislature prior to July 1, 2014, in order for amounts2
to be charged and credited to the Incumbent Worker Training Account in the3
following calender year for use in funding the program.4
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: