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.
Referred to the Senate Commerce & Tourism Committee on May 27, 2008
Referred to the House Commerce Committee on October 15, 2008
Referred to the House Education Committee on October 29, 2008
Reported in the House on November 12, 2008
Without amendment and with the recommendation that the bill pass.
Substitute offered by Rep. Richard Hammel D- on November 13, 2008
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.
The substitute passed by voice vote in the House on November 13, 2008
Amendment offered by Rep. Richard Hammel D- on November 13, 2008
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.
The amendment passed by voice vote in the House on November 13, 2008
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.
Received in the Senate on December 4, 2008
Substitute offered in the Senate on December 4, 2008
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.
The substitute passed by voice vote in the Senate on December 4, 2008
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.
Received in the House on December 4, 2008
Amendment offered by Rep. Richard Hammel D- on December 10, 2008
To cap the total amount of new debt that can be incurred statewide at $50 million rather than $60 million.
The amendment passed by voice vote in the House on December 10, 2008
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.