HLS 15RS-415 ENGROSSED 2015 Regular Session HOUSE BILL NO. 250 BY REPRESENTATIVES LEGER, BILLIOT, CHANEY, SMITH, AND THIERRY Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana. FUNDS/FUNDING: Authorizes additional deposits into the Workforce Training Rapid Response Fund and requires a private match for the use of the additional deposits 1 AN ACT 2To amend and reenact R.S. 17:1874(B)(3) and (C)(4) and to enact R.S. 17:1874(B)(4) and 3 (5) and (C)(5), relative to the Workforce Training Rapid Response Fund; to authorize 4 additional deposits into the fund; to require a private match for the use of additional 5 deposits into the fund; and to provide for related matters. 6Be it enacted by the Legislature of Louisiana: 7 Section 1. R.S. 17:1874(B)(3) and (C)(4) is hereby amended and reenacted and R.S. 817:1874(B)(4) and (5) and (C)(5) are hereby enacted to read as follows: 9 ยง1874. Workforce Training Rapid Response Fund 10 * * * 11 B. 12 * * * 13 (3) The state treasurer is directed to deposit into the fund at the beginning of 14 each fiscal year an amount sufficient to bring the unencumbered balance in the fund 15 to ten million dollars. Monies in the fund shall be appropriated, administered, and 16 used solely as provided in Subsection C of this Section. 17 (4) Money from other sources, such as donations, appropriations, or 18 dedications, may be deposited in and credited to the fund. The unencumbered fund 19 balance provided for in Paragraph (3) of this Subsection shall not include monies 20 deposited into the fund pursuant to this Paragraph. Page 1 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-415 ENGROSSED HB NO. 250 1 (5) Monies in the fund shall be appropriated, administered, and used solely 2 as provided in Subsection C of this Section. 3 C. 4 * * * 5 (4) Funding from monies deposited into the fund pursuant to Paragraph 6 (B)(4) of this Section shall be distributed by the board only upon the board's receipt 7 of certification by the public postsecondary education board on behalf of the 8 receiving public postsecondary institution that a match of no less than twenty-five 9 percent of the amount of funding to be distributed to that institution from monies 10 deposited into the fund pursuant to Paragraph (B)(4) of this Section has been 11 guaranteed by a private entity. Match certification shall be reported to the executive 12 director of the Louisiana Workforce Commission, the secretary of the Department 13 of Economic Development, the commissioner of higher education, the chairman of 14 the Louisiana Workforce Investment Council, and the chief executive officer of the 15 Louisiana Community and Technical College System within thirty days of receipt 16 of certification from the education board. The certification shall detail the type of 17 private match to be provided, which may include cash, in-kind donations of 18 technology, personnel, construction materials, facility modification, or tangible 19 property, internships, scholarships, sponsorship of staff or faculty, or faculty 20 endowment. 21 (4)(5) The executive director of the Louisiana Workforce Commission, the 22 secretary of the Department of Economic Development, and the chief executive 23 officer of the system, collectively, shall monitor whether the funds are being used in 24 accordance with the strategic plan and the effectiveness of the board's workforce 25 development efforts and report these findings to the Board of Regents on an annual 26 basis. 27 * * * Page 2 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-415 ENGROSSED HB NO. 250 DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] HB 250 Engrossed 2015 Regular Session Leger Abstract: Authorizes other sources of funding to be deposited into the Workforce Training Rapid Response Fund and requires public higher education institutions to demonstrate a 25% private match prior to receiving distributions of monies from these other sources. Present law establishes the Workforce Training Rapid Response Fund as a special treasury fund to be administered by the Board of Supervisors of the La. Community and Technical College System (the board) and requires the state treasurer to deposit enough into the fund at the beginning of each year to bring the unencumbered fund balance to $10 million. Proposed law authorizes money from other sources, such as donations, appropriations, or dedications, to be deposited in and credited to the fund. These additional deposits shall not be factored into the determination of the unencumbered fund balance in present law. Proposed law prohibits the board from distributing monies from the other sources to a public postsecondary education institution unless that institution's management board certifies to the executive director of the La. Workforce Commission, the secretary of the Dept. of Economic Development, the commissioner of higher education, the chairman of the La. Workforce Investment Council, and the CEO of the LCTCS that a private entity guarantees a private match of no less than 25% of the amount distributed from other sources. Specifies that an in-kind match may include cash, in-kind donations of technology, personnel, construction materials, facility modification, or tangible property; internships; scholarships; sponsorship of staff or faculty; or faculty endowment. (Amends R.S. 17:1874(B)(3) and (C)(4); Adds R.S. 17:1874(B)(4) and (5) and (C)(5)) Summary of Amendments Adopted by House The Committee Amendments Proposed by House Committee on Appropriations to the original bill: 1. Clarify that match requirements only apply to distributions of additional deposits into the fund authorized by proposed law. Page 3 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions.