Text: H01858 Text: H01860 Text: H01800 - H01899 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate File 465, as passed by the Senate, as 1 2 follows: 1 3 #1. Page 1, by inserting after line 8 the 1 4 following: 1 5 "1A. "ACE fund" means the accelerated career 1 6 education fund created in section 260G.6." 1 7 #2. Page 2, by striking lines 8 and 9. 1 8 #3. Page 3, by striking lines 11 through 13 and 1 9 inserting the following: 1 10 "a. Financial assistance from the ACE fund." 1 11 #4. Page 5, lines 8 and 9, by striking the words 1 12 "PROGRAM JOB CREDITS FROM WITHHOLDING." and inserting 1 13 the following: "ACE FUND FINANCIAL ASSISTANCE." 1 14 #5. Page 5, by striking lines 12 and 13 and 1 15 inserting the following: "include a provision for 1 16 requesting financial assistance from the ACE fund to 1 17 pay for program costs. If a program provides that". 1 18 #6. Page 5, lines 14 and 15, by striking the words 1 19 "program job credits" and inserting the following: 1 20 "financial assistance from the ACE fund". 1 21 #7. By striking page 5, line 16, through page 6, 1 22 line 12, and inserting the following: 1 23 "1. The employer and community college shall file 1 24 a joint application with the department of economic 1 25 development for financial assistance under the ACE 1 26 fund. The application shall provide information 1 27 regarding the program and projected method of paying 1 28 program costs and shall include any other information 1 29 deemed necessary by the department. 1 30 2. Financial assistance provided by the ACE fund 1 31 may take the form of loans, forgivable loans, or 1 32 grants. 1 33 3. The department shall approve, deny, or defer 1 34 each application." 1 35 #8. Page 6, lines 13 and 14, by striking the words 1 36 "MAXIMUM STATEWIDE PROGRAM JOB CREDIT" and inserting 1 37 the following: "ACE FUND". 1 38 #9. By striking page 6, line 15, through page 8, 1 39 line 2, and inserting the following: 1 40 "1. The accelerated career education or ACE fund 1 41 is created as a revolving fund consisting of any money 1 42 appropriated by the general assembly for that purpose 1 43 and any other moneys available to and obtained or 1 44 accepted by the department from the federal government 1 45 or private sources for placement in the fund. The 1 46 fund shall also include any repayments of loans or 1 47 other awards made under this chapter. Notwithstanding 1 48 section 8.33, moneys in the ACE fund at the end of 1 49 each fiscal year shall not revert to any other fund 1 50 but shall remain in the ACE fund for expenditure for 2 1 subsequent fiscal years. 2 2 2. For the fiscal year beginning July 1, 1999, 2 3 there is appropriated to the department of economic 2 4 development from the general fund of the state eight 2 5 million dollars for the ACE fund. For the fiscal year 2 6 beginning July 1, 2000, there is appropriated to the 2 7 department of economic development from the general 2 8 fund of the state sixteen million dollars for the ACE 2 9 fund. For the fiscal year beginning July 1, 2001, 2 10 there is appropriated to the department of economic 2 11 development from the general fund of the state twenty 2 12 million dollars for the ACE fund. 2 13 3. For the fiscal year beginning July 1, 1999, and 2 14 July 1, 2000, the department of economic development 2 15 shall reserve one hundred thirty-five thousand dollars 2 16 of the first two million twenty-five thousand dollars 2 17 of financial assistance available for that fiscal year 2 18 for each community college. For the fiscal year 2 19 beginning July 1, 2001, and for every fiscal year 2 20 thereafter, the department of economic development 2 21 shall reserve thirty percent of the financial 2 22 assistance available for that fiscal year to be 2 23 divided equally among all community colleges. If a 2 24 community college fails to submit an application for 2 25 financial assistance by April 1 of the fiscal year for 2 26 which the reservation is made, that portion is 2 27 available for use by other community colleges." 2 28 #10. Page 8, line 5, by striking the words 2 29 "allocations of program job credits" and inserting the 2 30 following: "financial assistance under the ACE fund". 2 31 2 32 2 33 2 34 MILLAGE of Scott 2 35 SF 465.501 78 2 36 tm/jw
Text: H01858 Text: H01860 Text: H01800 - H01899 Text: H Index Bills and Amendments: General Index Bill History: General Index
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