House Journal: Page 2119: Tuesday, June 3, 2003
6 TRAINING AND ECONOMIC DEVELOPMENT FUNDS.
7 1. a. A workforce training and economic
8 development fund is created for each community
9 college. Moneys shall be deposited and expended from
10 a fund as provided under this section.
11 b. Moneys in the funds shall consist of any moneys
12 appropriated by the general assembly and any other
13 moneys available to and obtained or accepted by the
14 department of economic development from federal
15 sources or private sources for placement in the funds.
16 Notwithstanding section 8.33, moneys in the funds at
17 the end of each fiscal year shall not revert to any
18 other fund but shall remain in the funds for
19 expenditure in subsequent fiscal years.
20 2. On July 1 of each year for the fiscal year
21 beginning July 1, 2003, and for every fiscal year
22 thereafter, moneys from the grow Iowa values fund
23 created in section 15G.107, if enacted by 2003 Iowa
24 Acts, House File 692 or another Act, are appropriated
25 to the department of economic development for deposit
26 in the workforce training and economic development
27 funds in amounts determined pursuant to subsection 3.
28 Moneys deposited in the funds and disbursed to
29 community colleges for a fiscal year shall be expended
30 for the following purposes, provided seventy percent
31 of the moneys shall be used on projects in the areas
32 of advanced manufacturing, information technology and
33 insurance, and life sciences which include the areas
34 of biotechnology, health care technology, and nursing
35 care technology:
36 a. Projects in which an agreement between a
37 community college and an employer located within the
38 community college's merged area meet all of the
39 requirements of the accelerated career education
40 program under chapter 260G. Notwithstanding section
41 260G.4B, projects funded with moneys from workforce
42 training and economic development funds shall be
43 approved by the grow Iowa values board established in
44 section 15G.102.
45 b. Projects in which an agreement between a
46 community college and a business meet all the
47 requirements of the Iowa jobs training Act under
48 chapter 260F. However, when moneys are provided
49 through the grow Iowa values fund for such projects,
50 section 260F.6, subsections 1 and 2, and section
Page 11
1 260F.8 shall not apply and projects shall be approved
2 by the grow Iowa values board.
3 c. For the development and implementation of
4 career academies designed to provide new career
© 2003 Cornell College and
League of Women Voters of Iowa
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