Louisiana 2015 2015 Regular Session

Louisiana House Bill HB250 Comm Sub / Analysis

                    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.