House Journal: Page 2122: Tuesday, June 3, 2003
3 3. A job retention project agreement entered into
4 pursuant to this section must be approved by the board
5 of trustees of the applicable community college, the
6 department of economic development, and the
7 participating business.
8 Sec. . NEW SECTION. 260F.101 REPORTING.
9 A community college entering into an agreement
10 pursuant to this chapter shall submit an annual
11 written report by the end of each calendar year with
12 the grow Iowa values board created in section 15G.102,
13 if enacted by 2003 Iowa Acts, House File 692 or
14 another Act. The report shall provide information
15 regarding how the agreement affects the achievement of
16 the goals and performance measures provided in section
17 15G.106, if enacted by 2003 Iowa Acts, House File 692
18 or another Act.
19 Sec. . Section 260G.3, subsection 2, Code 2003,
20 is amended to read as follows:
21 2. An agreement may include reasonable and
22 necessary provisions to implement the accelerated
23 career education program. If an agreement that
24 utilizes program job credits is entered into, the
25 community college and the employer shall notify the
26 department of revenue and finance as soon as possible.
27 The community college shall also file a copy of the
28 agreement with the department of economic development
29 as required in section 260G.4B. The agreement shall
30 provide for program costs, including deferred costs,
31 which may be paid from any of the following sources:
32 a. Program job credits which the employer receives
33 based on the number of program job positions agreed to
34 by the employer to be available under the agreement.
35 b. Cash or in-kind contributions by the employer
36 toward the program cost. At a minimum, the employer
37 contribution shall be twenty percent of the program
38 costs.
39 c. Tuition, student fees, or special charges fixed
40 by the board of directors to defray program costs.
41 d. Guarantee by the employer of payments to be
42 received under paragraphs "a" and "b".
43 e. Moneys from a workforce training and economic
44 development fund created in section 260C.18A, based on
45 the number of program job positions agreed to by the
46 employer to be available under the agreement, the
47 amount of which shall be calculated in the same manner
48 as the program job credits provided for in section
49 260G.4A.
50 Sec. . NEW SECTION. 260G.101 REPORTING.
Page 14
1 A community college entering into an agreement
© 2003 Cornell College and
League of Women Voters of Iowa
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