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A BILL TO BE ENTITLED
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AN ACT
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relating to the transfer of certain amounts from the employment and |
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training investment holding fund and the training stabilization |
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fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. TRANSFER. On the effective date of this Act: |
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(1) 15 percent of the amount in the employment and |
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training investment holding fund under Section 204.122, Labor Code, |
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and 15 percent of the amount in the training stabilization fund |
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under Section 302.101, Labor Code, shall be transferred to the |
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Texas Workforce Commission to be used for one-time expenses related |
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to workforce development or the administration of Subtitle A, Title |
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4, Labor Code; and |
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(2) the Texas Workforce Commission shall transfer 15 |
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percent of the total amount received by the commission under |
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Subdivision (1) of this section to the Texas Veterans Commission to |
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be used to fund employment programs for veterans. |
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SECTION 2. EFFECTIVE DATE. This Act takes effect September |
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1, 2013. |