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HOUSE BILL 1916 |
HOUSE AUTHOR: Oliveira et al. |
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EFFECTIVE: 8-30-99 |
SENATE SPONSOR: Lucio |
House Bill 1916 amends the Development Corporation Act of 1979 to authorize certain industrial development corporations to spend sales and use tax revenue for job training offered through a business enterprise, provided that the business enterprise commits to creating new jobs that pay at least the average weekly wage for the county in which the jobs are to be located or, in counties with unemployment rates 1.5 times the state average unemployment rate or more, ones that pay at least 90 percent of the county's average weekly wage. The act prohibits corporations from spending sales and use tax revenue for more than half the actual cost of the job training. The act also provides that a corporation may not spend sales and use tax revenue for a job training project if other state and federal job training funds are used, unless the project is in a county with an unemployment rate that is 1.5 times the state average or more.