House Journal: Page 1491: Thursday, April 13, 2000
3 subsection 2. The director shall also submit a copy
4 of the proposed allocation to the chairpersons of the
5 joint economic development appropriations subcommittee
6 of the general assembly. Notwithstanding section
7 8.39, the plan may provide for increased or decreased
8 allocations if the demand for a program indicates that
9 the need is greater or lesser than the allocation for
10 that program. The director shall report on a
11 quarterly basis to the board on the status of the
12 funds and may present proposed revisions for approval
13 by the board in January and April of each year. The
14 director shall also provide quarterly reports to the
15 legislative fiscal bureau on the status of the funds.
16 Unobligated and unencumbered moneys remaining in the
17 workforce development fund or any of its accounts on
18 June 30 of each year shall be considered part of the
19 fund for purposes of the next year's allocation.
20 b. The first seven million dollars deposited in
21 the workforce development fund shall be used for
22 purposes provided in subsection 2, paragraph "b"."
23 13. Page 17, by inserting after line 35 the
24 following:
25 "Sec. . Section 422.16A, Code 1999, is amended
26 to read as follows:
27 422.16a JOB TRAINING WITHHOLDING - CERTIFICATION
28 AND TRANSFER.
29 Upon the completion by a business of its repayment
30 obligation for a training project funded under chapter
31 260E, including a job training project funded under
32 section 15A.8 or repaid in whole or in part by the
33 supplemental new jobs credit from withholding under
34 section 15A.7 or section 15.331, the sponsoring
35 community college shall report to the department of
36 economic development the amount of withholding paid by
37 the business to the community college during the final
38 twelve months of withholding payments. The department
39 of economic development shall notify the department of
40 revenue and finance of that amount. The department
41 shall credit to the workforce development fund account
42 established in section 15.342a twenty-five percent of
43 that amount each quarter for a period of ten years.
44 If the amount of withholding from the business or
45 employer is insufficient, the department shall prorate
46 the quarterly amount credited to the workforce
47 development fund account. The maximum amount from all
48 employers which shall be transferred to the workforce
49 development fund account in any year is ten eight
50 million dollars.
Page 4
1 Sec. . IMMIGRATION. The department of economic
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