Leger HB No. 250
(KEYWORD, SUMMARY, AND DIGEST as amended by Senate committee
amendments)
FUNDS/FUNDING: Authorizes additional deposits into the Workforce Training Rapid
Response Fund and requires a private match for the use of the additional deposits
DIGEST
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 prohibits additional appropriations to be made to the fund.
Proposed law authorizes money from other sources, such as donations, 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 the certification shall detail the type of private match and the appraised value thereof,
which 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 (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.
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Finance to the engrossed
bill
1. Prohibits additional appropriations being made to the fund.
2. Provides that monies from other sources deposited into the fund is limited to
donations.
3. Provides that the appraised value of the private match is to be provided in the
certification.
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Prepared by Martha Hess.