2001 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Miller Y.
Workforce Retraining Program

Item 103 #2s

Item 103 #2s

First Year - FY2001 Second Year - FY2002
Commerce and Trade
Business Assistance, Department of FY2001 $0 FY2002 $2,000,000 GF

Page 89, line 47, strike "$21,918,568" and insert "$23,918,568".
Page 91, after line 25, insert:
"G.1.  Out of the amounts provided for Industrial Development Services shall be deposited $2,000,000 the second year from the general fund to a special nonreverting fund to be established in the state treasury as the Workforce Retraining Program Fund.  The fund shall consist of such moneys as may be appropriated by the General Assembly from time to time.  Any moneys deposited to or remaining in the Fund during or at the end of each fiscal year or biennium, including interest thereon, shall not revert to the general fund but shall remain in the Fund and be available for appropriation in ensuring fiscal years.  Interest earned on all moneys in the Fund shall remain in the Fund and be credited to it.
2.  Moneys from the fund shall be used to provide consulting services to small businesses and to assist such companies with efforts to retrain their workforce.".

(This amendment provides $2.0 million from the general fund to capitalize a special nonreverting fund to provide consulting services and to assist companies with retraining their existing workforce to increase productivity.)