By: J. Davis of Harris (Senate Sponsor - Hancock) H.B. No. 939
(In the Senate - Received from the House May 2, 2013;
May 3, 2013, read first time and referred to Committee on Economic
Development; May 9, 2013, reported favorably by the following
vote: Yeas 5, Nays 0; May 9, 2013, sent to printer.)
A BILL TO BE ENTITLED
AN ACT
relating to the transfer of certain amounts from the employment and
training investment holding fund and the training stabilization
fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. TRANSFER. On the effective date of this Act:
(1) 15 percent of the amount in the employment and
training investment holding fund under Section 204.122, Labor Code,
and 15 percent of the amount in the training stabilization fund
under Section 302.101, Labor Code, shall be transferred to the
Texas Workforce Commission to be used for one-time expenses related
to workforce development or the administration of Subtitle A, Title
4, Labor Code; and
(2) the Texas Workforce Commission shall transfer 15
percent of the total amount received by the commission under
Subdivision (1) of this section to the Texas Veterans Commission to
be used to fund employment programs for veterans.
SECTION 2. EFFECTIVE DATE. This Act takes effect September
1, 2013.
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