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A BILL TO BE ENTITLED
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AN ACT
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relating to the award of grants from the skills development fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 303.003, Labor Code, is amended by |
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adding Subsection (b-4) to read as follows: |
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(b-4) In collaboration with the council, the commission |
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shall develop a tool for comparing the estimated cost of a proposed |
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job-training initiative to the projected increase in wages |
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attributable to the initiative. The commission shall identify a |
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minimum eligibility ratio of cost to increased wages and may not |
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award money from the skills development fund for a job-training |
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initiative unless the cost to increased wages ratio for the |
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initiative, as determined using the comparison tool developed under |
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this subsection, meets or exceeds the minimum eligibility ratio. |
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SECTION 2. This Act takes effect September 1, 2019. |