Bill Text: TX HB3616 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to the use of certain funds for workforce development.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2015-03-19 - Referred to Economic & Small Business Development [HB3616 Detail]
Download: Texas-2015-HB3616-Introduced.html
84R11526 MAW-F | ||
By: Alvarado | H.B. No. 3616 |
|
||
|
||
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 [ |
||
|
||
|
||
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) [ |
||
after the distributions [ |
||
[ |
||
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 [ |
||
|
||
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 [ |
||
[ |
||
transferred to the skills development fund in an amount [ |
||
|
||
|
||
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. |