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| To enact section 6301.14 of the Revised Code to | 1 |
| create the OhioMeansJobs Workforce Development | 2 |
| Revolving Loan Fund, to create the OhioMeansJobs | 3 |
| Workforce Development Revolving Loan Program, to | 4 |
| allocate a portion of casino license fees to | 5 |
| finance the loan program, and to make an | 6 |
| appropriation. | 7 |
| Section 1. That section 6301.14 of the Revised Code be | 8 |
| enacted to read as follows: | 9 |
| Sec. 6301.14. The OhioMeansJobs workforce development | 10 |
| revolving loan fund is hereby created in the state treasury. The | 11 |
| fund shall consist of a portion of the proceeds from the upfront | 12 |
| license fees paid for the casino facilities authorized under | 13 |
| Section 6(C) of Article XV, Ohio Constitution. The investment | 14 |
| earnings of the fund shall be credited to the fund. | 15 |
| Section 2. (A) As used in this section: | 16 |
| (1) "Institution" means any of the following: | 17 |
| (a) A state institution of higher education, as defined in | 18 |
| section 3345.011 of the Revised Code; | 19 |
| (b) A private career school, as defined in section 3332.01 of | 20 |
| the Revised Code; | 21 |
| (c) A private, nonprofit institution in this state holding a | 22 |
| certificate of authorization pursuant to Chapter 1713. of the | 23 |
| Revised Code; | 24 |
| (d) A private institution exempt from regulation under | 25 |
| Chapter 3332. of the Revised Code as prescribed in section | 26 |
| 3333.046 of the Revised Code, if the program has a certificate of | 27 |
| authorization pursuant to Chapter 1713. of the Revised Code; | 28 |
| (e) A career-technical center, joint vocational school | 29 |
| district, comprehensive career-technical center, or compact | 30 |
| career-technical center offering adult training. | 31 |
| (2) "Workforce training program" includes any of the | 32 |
| following: | 33 |
| (a) Courses, programs, or a degree from an institution; | 34 |
| (b) Vocational education classes offered to adult learners; | 35 |
| (c) Any other training program designed to meet the special | 36 |
| requirements of a particular employer. | 37 |
| (B)(1) The OhioMeansJobs Workforce Development Revolving Loan | 38 |
| Program is hereby established for the purpose of assisting with | 39 |
| job growth and advancement through training and retraining. The | 40 |
| Director of Development Services shall administer the program and | 41 |
| shall award funds to an institution that the institution shall use | 42 |
| to award loans to participants in a workforce training program | 43 |
| that is approved by the Director and that is administered by the | 44 |
| institution. | 45 |
| (2) In awarding funds under this section, the Director shall | 46 |
| give a preference to an institution for a workforce training | 47 |
| program in which the institution partners with a business that is | 48 |
| willing to repay all or part of the loan on behalf of a program | 49 |
| participant or with a business that also provides funding for the | 50 |
| program, in comparison to a program that does not have such a | 51 |
| partnership. The Director shall consider a program that has | 52 |
| employment opportunities in high-growth areas, including, but not | 53 |
| limited to, energy exploration. | 54 |
| (3) The Director also shall consider all of the following | 55 |
| factors when determining whether to award funds under this section | 56 |
| to an institution for a workforce training program, to the extent | 57 |
| that these factors apply to the program: | 58 |
| (a) The success rate of the workforce training program | 59 |
| offered by the institution; | 60 |
| (b) The cost of the workforce training program based upon a | 61 |
| comparison of similar workforce training programs offered in this | 62 |
| state; | 63 |
| (c) The rate that the workforce training program participants | 64 |
| obtain employment in the field in which they receive training | 65 |
| under the program; | 66 |
| (d) The willingness of the institution to assist a | 67 |
| participant in paying for the costs of participating in the | 68 |
| workforce training program. | 69 |
| (4) After the initial funds are awarded to institutions under | 70 |
| this section, the Director, in awarding subsequent funds under | 71 |
| this section, shall give greater weight to the factors listed in | 72 |
| division (B)(3)(a) of this section in comparison to the other | 73 |
| factors listed in division (B)(3) of this section, but shall not | 74 |
| give that factor greater weight than the preference given in | 75 |
| division (B)(2) of this section. | 76 |
| (C) Funds shall be disbursed to successful applicants using | 77 |
| moneys from the OhioMeansJobs Workforce Development Revolving Loan | 78 |
| Fund established in section 6301.14 of the Revised Code. The | 79 |
| Director shall not award to an institution more than one hundred | 80 |
| thousand dollars per workforce training program per year under | 81 |
| this section. An institution receiving funds under this section | 82 |
| shall establish eligibility requirements that a participant in the | 83 |
| workforce training program for which the institution received the | 84 |
| funds shall satisfy to receive a loan under this section and shall | 85 |
| disburse the loan to program participants who satisfy those | 86 |
| requirements. A loan awarded by an institution to a program | 87 |
| participant under this section shall not exceed ten thousand | 88 |
| dollars per program in which the participant participates. | 89 |
| (b) A loan to a program participant shall remain | 90 |
| interest-free until six months after the date the participant | 91 |
| successfully completes the workforce training program, if the | 92 |
| participant also continues to reside in this state. Beginning on | 93 |
| the earlier of the date that is six months after the individual | 94 |
| completes the workforce training program for which the participant | 95 |
| received a loan under this section or the date the participant | 96 |
| ceases to reside in this state, the Director shall assess a rate | 97 |
| of interest of not more than four per cent per annum on any | 98 |
| outstanding principal balance of that loan. The Director shall not | 99 |
| assess a zero per cent interest rate. The Director shall establish | 100 |
| a payment schedule not to exceed seven years after the date a | 101 |
| participant successfully completes the workforce training program. | 102 |
| (E) The Director shall prescribe, by rule adopted in | 103 |
| accordance with Chapter 119. of the Revised Code, procedures | 104 |
| necessary to carry out this section, including all of the | 105 |
| following: | 106 |
| (1) Application procedures for funds under this section, | 107 |
| which shall include a description of the workforce training | 108 |
| program for which the institution intends to award loans and the | 109 |
| number of individuals who will be participating in that program; | 110 |
| (2) Terms for repayment of a loan; | 111 |
| (3) Assessment of interest on loans for a participant who | 112 |
| fails to comply with continuing eligibility requirements, who | 113 |
| fails to complete the workforce training program for which the | 114 |
| participant received the loan, or whose participation in the | 115 |
| program is on a staggered basis; | 116 |
| (4) A method to determine the amount of funds awarded to an | 117 |
| institution based on the costs of the workforce training program | 118 |
| for which a program participant receives a loan and the number of | 119 |
| individuals the institution estimates will participate in the | 120 |
| program; | 121 |
| (5) Disbursement of funds to an institution; | 122 |
| (6) The process by which the Director approves workforce | 123 |
| training programs for which loans are granted under this section. | 124 |
| (F) The Treasurer of State shall serve as an agent for the | 125 |
| Director in the making of deposits and withdrawals and maintenance | 126 |
| of records pertaining to the OhioMeansJobs Workforce Development | 127 |
| Revolving Loan Fund. | 128 |
| (G) The Treasurer of State, or an agent of the Treasurer of | 129 |
| State, shall service loans described in this section and is | 130 |
| authorized to take such actions and to enter into such contracts | 131 |
| and to execute all instruments necessary or appropriate to service | 132 |
| loans described in this section. The Treasurer of State may adopt | 133 |
| rules under section 111.15 of the Revised Code to implement this | 134 |
| division. | 135 |
| Section 3. All items in this section are hereby appropriated | 136 |
| as designated out of any moneys in the state treasury to the | 137 |
| credit of the designated fund. For all appropriations made in this | 138 |
| act, those in the first column are for fiscal year 2014 and those | 139 |
| in the second column are for fiscal year 2015. The appropriations | 140 |
| made in this act are in addition to any other appropriations made | 141 |
| for the FY 2014-FY 2015 biennium. | 142 |
| Appropriations |
| 143 | |
| State Special Revenue Fund Group | 144 |
| 5XXX | 195XXX | OhioMeansJobs Workforce Development Revolving Loan Program | $ | 25,000,000 | $ | 0 | 145 | ||||
| TOTAL SSR State Special Revenue Fund Group | $ | 25,000,000 | $ | 0 | 146 | ||||||
| TOTAL ALL BUDGET FUND GROUPS | $ | 25,000,000 | $ | 0 | 147 | ||||||
| OHIOMEANSJOBS WORKFORCE DEVELOPMENT REVOLVING LOAN PROGRAM | 148 |
| The foregoing appropriation item 195XXX, OhioMeansJobs | 149 |
| Workforce Development Revolving Loan Program, shall be used for | 150 |
| the OhioMeansJobs Workforce Development Revolving Loan Program to | 151 |
| provide loans to individuals for workforce training as described | 152 |
| in Section 2 of this act. | 153 |
| The Director of Development Services and Treasurer of State | 154 |
| may each certify to the Director of Budget and Management the | 155 |
| amount of administrative expenses estimated as a result of | 156 |
| implementing and operating the OhioMeansJobs Workforce Development | 157 |
| Revolving Loan Program over the FY 2014-FY 2015 biennium. The main | 158 |
| operating appropriations act of the 130th General Assembly shall | 159 |
| account for these costs in the FY 2014-FY 2015 biennium. | 160 |
| Any unexpended and unencumbered portion of the foregoing | 161 |
| appropriation item 195XXX, OhioMeansJobs Workforce Development | 162 |
| Revolving Loan Program, at the end of fiscal year 2014 is hereby | 163 |
| reappropriated for the same purpose in fiscal year 2015. | 164 |
| Section 4. TRANSFER TO OHIOMEANSJOBS WORKFORCE DEVELOPMENT | 165 |
| REVOLVING LOAN FUND | 166 |
| On July 1, 2013, or as soon as possible thereafter, the | 167 |
| Director of Budget and Management shall transfer $25,000,000 from | 168 |
| the Economic Development Programs Fund (Fund 5JC0) used by the | 169 |
| Board of Regents to the OhioMeansJobs Workforce Development | 170 |
| Revolving Loan Fund (Fund 5XXX) used by the Development Services | 171 |
| Agency. | 172 |
| Section 5. Within the limits set forth in this act, the | 173 |
| Director of Budget and Management shall establish accounts | 174 |
| indicating the source and amount of funds for each appropriation | 175 |
| made in this act, and shall determine the form and manner in which | 176 |
| appropriation accounts shall be maintained. Expenditures from | 177 |
| appropriations contained in this act shall be accounted for as | 178 |
| though made in the main operating appropriations act of the 130th | 179 |
| General Assembly. | 180 |
| The appropriations made in this act are subject to all | 181 |
| provisions of the main operating appropriations act of the 130th | 182 |
| General Assembly that are generally applicable to such | 183 |
| appropriations. | 184 |