84R11526 MAW-F
By: Alvarado H.B. No. 3616
A BILL TO BE ENTITLED
AN ACT
relating to the use of certain funds for workforce development.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 204.123, Labor Code, is amended to read
as follows:
Sec. 204.123. TRANSFER FROM HOLDING FUND [TO SKILLS
DEVELOPMENT FUND, TRAINING STABILIZATION FUND, AND COMPENSATION
FUND]. (a) If, on September 1 of a year, the commission determines
that the amount in the compensation fund will exceed 100 percent of
its floor as computed under Section 204.061 on the next October 1
computation date, the commission shall transfer from the holding
fund created under Section 204.122:
(1) during any state fiscal biennium beginning on or
after September 1, 2007, 100 percent to the skills development fund
created under Section 303.003, except that the amount transferred
under this subdivision may not exceed the amount appropriated by
the legislature to the skills development program strategies and
activities in that biennium;
(2) to the commission to be used for expenses related
to workforce development, an amount not to exceed 50 percent of the
remaining amount in the holding fund after the distribution under
Subdivision (1); and
(3) [(2)] any remaining amount in the holding fund
after the distributions [distribution] under Subdivisions
[Subdivision] (1) and (2) to the training stabilization fund
created under Section 302.101.
(b) If, on September 1 of a year, the commission determines
that the amount in the compensation fund will be at or below 100
percent of its floor as computed under Section 204.061 on the next
October 1 computation date, the commission shall transfer to the
compensation fund as much of the amount in the holding fund as is
necessary to raise the amount in the compensation fund to 100
percent of its floor, up to and including the entire amount in the
holding fund. The commission shall transfer any remaining balance
in the holding fund [to the skills development fund and the training
stabilization fund] in the manner prescribed by Subsection (a).
SECTION 2. Sections 302.101(b) and (c), Labor Code, are
amended to read as follows:
(b) Money in the training stabilization fund may be used
only as provided by this subsection and Subsection (c). Not later
than September 30 in a year in which the amounts in the employment
and training investment holding fund are insufficient to meet the
legislative appropriation for that fiscal year for the skills
development program strategies and activities, money [.
[(c) Money] in the training stabilization fund shall be
transferred to the skills development fund in an amount [under
Subsection (b) not later than September 30. The amount
transferred from the training stabilization fund may] not to exceed
the amounts appropriated to the skills development program
strategies and activities in the fiscal year in which the transfer
is made.
(c) The commission may use up to 50 percent of the money in
the training stabilization fund for expenses related to workforce
development.
SECTION 3. This Act takes effect September 1, 2015.