| |
| |
|
|
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. |