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House Journal: Page 1859: Tuesday, April 21, 1998

40   to entering a postsecondary education program, one-
41   half of the moneys being held in trust for the
42   participant's postsecondary education shall be paid to
43   a postsecondary education institution as defined in
44   section 261C.3 of the participant's choice to pay
45   tuition or expenses of the participant.  The other
46   one-half of the trust moneys shall be paid back to the
47   employer.  Any moneys to be transferred for the
48   benefit of the participant which are not transferred
49   within five years for purposes of education at the
50   designated postsecondary institution, shall be paid

Page 19

 1   back to the employer.
 2     Sec. 20.  NEW SECTION.  15.365  PAYROLL EXPENDITURE
 3   REFUND.
 4     1.  An employer who employs a participant in a
 5   certified school to career program may claim a refund
 6   of twenty percent of the employer's payroll
 7   expenditures for each participant in the certified
 8   program.  The refund is limited to the first four
 9   hundred hours of payroll expenditures per participant
10   for each calendar year the participant is in the
11   certified program, not to exceed three years per
12   participant.
13     2.  To receive a refund under subsection 1 for a
14   calendar year, the employer shall file the claim by
15   July 1 of the following calendar year.  The claim
16   shall be filed on forms provided by the department of
17   economic development and the employer shall provide
18   such information regarding the employer's
19   participation in a certified school to career program
20   as the department may require.  Forms should be
21   designed such that claims for refunds for more than
22   one participant may be made on a single form.
23     3.  For each fiscal year of the fiscal period
24   beginning July 1, 1999, and ending June 30, 2004,
25   there is appropriated up to five hundred thousand
26   dollars annually from the general fund of the state to
27   the department of economic development to pay refunds
28   under this section.  If the amount appropriated in a
29   fiscal year is insufficient to pay all refund claims
30   for the calendar year in full, each claimant shall
31   receive a proportion of the claimant's refund claim
32   equal to the ratio of the amount appropriated to the
33   total amount of refund claims.  Any unpaid portion of
34   a claim shall not be paid from a subsequent fiscal
35   year appropriation.
36     4.  The department of economic development shall
37   consult with the department of revenue and finance for
38   purposes of this section.  The department of economic
39   development shall adopt rules as deemed necessary to

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URL: /DOCS/GA/77GA/Session.2/HJournal/01800/01859.html
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