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Senate Bill 0536


 

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Senate Bill 0536

ARCHIVE (2005)

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DIGEST OF SB 536 (Updated April 29, 2005 10:59 pm - DI 102)

Skills 2016 training fund. Transfers the skills 2016 training fund (fund) to the economic development corporation. Requires the corporation to enter into an agreement with the department of workforce development (DWD) to administer the fund. Requires the secretary of commerce to allocate the money in the fund to employers and consortiums for worker training grants, after considering information provided by the DWD. Requires that Ivy Tech State College be given special consideration to be the provider of training obtained through the fund when: (1) Ivy Tech courses meet the needs of an employer or consortium; and (2) Ivy Tech is the most cost effective provider. Establishes a sunset for the fund of December 31, 2008. Repeals the incumbent workers training board. Repeals obsolete statutes concerning the fund. Requires the DWD to study the adoption of a life long learning accounts program and to report not later than November 1, 2005, to the legislative council the DWD's recommendations, including any proposed legislation. Allocates an amount not to exceed $50,000 from the fund to the DWD to conduct the study.
    Current Status:
     Law Enacted
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