To authorize a new state job training subsidy for particular employers. This would allow a community college to borrow to pay for training a particular employer’s new hires. The aggregate new debt would be capped at $50 million statewide; principle and interest would be repaid by the state transferring to the college a portion of the personal income tax that the particular employer withholds from the pay of new employees. In essence, the subsidy would be paid out of the state general fund. The bill requires the employer to agree to make the amount of the debt a lien on the firm’s property. However the debt would also be backed by the college’s other revenue sources.   Official Text and Analysis.

With the recommendation that the bill pass.

Without amendment and with the recommendation that the bill pass.

To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.

To tie-bar the bill to House Bill 6185, meaning this bill cannot become law unless that one does also. HB 6185 is the House version of the identical Senate companion bill, SB 1343.

To authorize a new state job training subsidy for particular employers. This would allow a community college to borrow to pay for training a particular employer’s new hires. The debt and interest would be repaid by the state transferring to the college a portion of the personal income tax that the particular employer withholds from the pay of new employees. In essence, the subsidy would be paid out of the state general fund. The bill requires the employer to agree to make the amount of the debt a lien on the firm’s property. However the debt would also be backed by the college’s other revenue sources.

To replace the previous version of the bill with one that revises details and raised the amount of new debt that can be incurred from $50 million to $60 million.

To authorize a new state job training subsidy for particular employers. This would allow a community college to borrow to pay for training a particular employer’s new hires. The aggregate new debt would be capped at $60 million statewide; principle and interest would be repaid by the state transferring to the college a portion of the personal income tax that the particular employer withholds from the pay of new employees. In essence, the subsidy would be paid out of the state general fund. The bill requires the employer to agree to make the amount of the debt a lien on the firm’s property. However the debt would also be backed by the college’s other revenue sources.

To cap the total amount of new debt that can be incurred statewide at $50 million rather than $60 million.

To adopt a version of the selective state job training subsidies through community colleges proposal that caps the total new debt at $50 million statewide.

To concur with the House-passed version of the bill.