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S. B. No. 1 As IntroducedAs Introduced
130th General Assembly | Regular Session | 2013-2014 |
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Senators Beagle, Balderson
Cosponsors:
Senators Faber, Bacon, Eklund, Gardner, Hite, LaRose, Lehner, Manning, Oelslager, Seitz, Uecker, Widener, Peterson, Obhof
A BILL
To enact section 6301.14 of the Revised Code to
create the OhioMeansJobs Workforce Development
Revolving Loan Fund, to create the OhioMeansJobs
Workforce Development Revolving Loan Program, to
allocate a portion of casino license fees to
finance the loan program, and to make an
appropriation.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:
Section 1. That section 6301.14 of the Revised Code be
enacted to read as follows:
Sec. 6301.14. The OhioMeansJobs workforce development
revolving loan fund is hereby created in the state treasury. The
fund shall consist of a portion of the proceeds from the upfront
license fees paid for the casino facilities authorized under
Section 6(C) of Article XV, Ohio Constitution. The investment
earnings of the fund shall be credited to the fund.
Section 2. (A) As used in this section:
(1) "Institution" means any of the following:
(a) A state institution of higher education, as defined in
section 3345.011 of the Revised Code;
(b) A private career school, as defined in section 3332.01 of
the Revised Code;
(c) A private, nonprofit institution in this state holding a
certificate of authorization pursuant to Chapter 1713. of the
Revised Code;
(d) A private institution exempt from regulation under
Chapter 3332. of the Revised Code as prescribed in section
3333.046 of the Revised Code, if the program has a certificate of
authorization pursuant to Chapter 1713. of the Revised Code;
(e) A career-technical center, joint vocational school
district, comprehensive career-technical center, or compact
career-technical center offering adult training.
(2) "Workforce training program" includes any of the
following:
(a) Courses, programs, or a degree from an institution;
(b) Vocational education classes offered to adult learners;
(c) Any other training program designed to meet the special
requirements of a particular employer.
(B)(1) The OhioMeansJobs Workforce Development Revolving Loan
Program is hereby established for the purpose of assisting with
job growth and advancement through training and retraining. The
Director of Development Services shall administer the program and
shall award funds to an institution that the institution shall use
to award loans to participants in a workforce training program
that is approved by the Director and that is administered by the
institution.
(2) In awarding funds under this section, the Director shall
give a preference to an institution for a workforce training
program in which the institution partners with a business that is
willing to repay all or part of the loan on behalf of a program
participant or with a business that also provides funding for the
program, in comparison to a program that does not have such a
partnership. The Director shall consider a program that has
employment opportunities in high-growth areas, including, but not
limited to, energy exploration.
(3) The Director also shall consider all of the following
factors when determining whether to award funds under this section
to an institution for a workforce training program, to the extent
that these factors apply to the program:
(a) The success rate of the workforce training program
offered by the institution;
(b) The cost of the workforce training program based upon a
comparison of similar workforce training programs offered in this
state;
(c) The rate that the workforce training program participants
obtain employment in the field in which they receive training
under the program;
(d) The willingness of the institution to assist a
participant in paying for the costs of participating in the
workforce training program.
(4) After the initial funds are awarded to institutions under
this section, the Director, in awarding subsequent funds under
this section, shall give greater weight to the factors listed in
division (B)(3)(a) of this section in comparison to the other
factors listed in division (B)(3) of this section, but shall not
give that factor greater weight than the preference given in
division (B)(2) of this section.
(C) Funds shall be disbursed to successful applicants using
moneys from the OhioMeansJobs Workforce Development Revolving Loan
Fund established in section 6301.14 of the Revised Code. The
Director shall not award to an institution more than one hundred
thousand dollars per workforce training program per year under
this section. An institution receiving funds under this section
shall establish eligibility requirements that a participant in the
workforce training program for which the institution received the
funds shall satisfy to receive a loan under this section and shall
disburse the loan to program participants who satisfy those
requirements. A loan awarded by an institution to a program
participant under this section shall not exceed ten thousand
dollars per program in which the participant participates.
(b) A loan to a program participant shall remain
interest-free until six months after the date the participant
successfully completes the workforce training program, if the
participant also continues to reside in this state. Beginning on
the earlier of the date that is six months after the individual
completes the workforce training program for which the participant
received a loan under this section or the date the participant
ceases to reside in this state, the Director shall assess a rate
of interest of not more than four per cent per annum on any
outstanding principal balance of that loan. The Director shall not
assess a zero per cent interest rate. The Director shall establish
a payment schedule not to exceed seven years after the date a
participant successfully completes the workforce training program.
(E) The Director shall prescribe, by rule adopted in
accordance with Chapter 119. of the Revised Code, procedures
necessary to carry out this section, including all of the
following:
(1) Application procedures for funds under this section,
which shall include a description of the workforce training
program for which the institution intends to award loans and the
number of individuals who will be participating in that program;
(2) Terms for repayment of a loan;
(3) Assessment of interest on loans for a participant who
fails to comply with continuing eligibility requirements, who
fails to complete the workforce training program for which the
participant received the loan, or whose participation in the
program is on a staggered basis;
(4) A method to determine the amount of funds awarded to an
institution based on the costs of the workforce training program
for which a program participant receives a loan and the number of
individuals the institution estimates will participate in the
program;
(5) Disbursement of funds to an institution;
(6) The process by which the Director approves workforce
training programs for which loans are granted under this section.
(F) The Treasurer of State shall serve as an agent for the
Director in the making of deposits and withdrawals and maintenance
of records pertaining to the OhioMeansJobs Workforce Development
Revolving Loan Fund.
(G) The Treasurer of State, or an agent of the Treasurer of
State, shall service loans described in this section and is
authorized to take such actions and to enter into such contracts
and to execute all instruments necessary or appropriate to service
loans described in this section. The Treasurer of State may adopt
rules under section 111.15 of the Revised Code to implement this
division.
Section 3. All items in this section are hereby appropriated
as designated out of any moneys in the state treasury to the
credit of the designated fund. For all appropriations made in this
act, those in the first column are for fiscal year 2014 and those
in the second column are for fiscal year 2015. The appropriations
made in this act are in addition to any other appropriations made
for the FY 2014-FY 2015 biennium.
DEV DEVELOPMENT SERVICES AGENCY
State Special Revenue Fund Group
5XXX |
195XXX |
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OhioMeansJobs Workforce Development Revolving Loan Program |
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$ |
25,000,000 |
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$ |
0 |
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TOTAL SSR State Special Revenue Fund Group
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$ |
25,000,000 |
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$ |
0 |
|
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TOTAL ALL BUDGET FUND GROUPS
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$ |
25,000,000 |
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$ |
0 |
|
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OHIOMEANSJOBS WORKFORCE DEVELOPMENT REVOLVING LOAN PROGRAM
The foregoing appropriation item 195XXX, OhioMeansJobs
Workforce Development Revolving Loan Program, shall be used for
the OhioMeansJobs Workforce Development Revolving Loan Program to
provide loans to individuals for workforce training as described
in Section 2 of this act.
The Director of Development Services and Treasurer of State
may each certify to the Director of Budget and Management the
amount of administrative expenses estimated as a result of
implementing and operating the OhioMeansJobs Workforce Development
Revolving Loan Program over the FY 2014-FY 2015 biennium. The main
operating appropriations act of the 130th General Assembly shall
account for these costs in the FY 2014-FY 2015 biennium.
Any unexpended and unencumbered portion of the foregoing
appropriation item 195XXX, OhioMeansJobs Workforce Development
Revolving Loan Program, at the end of fiscal year 2014 is hereby
reappropriated for the same purpose in fiscal year 2015.
Section 4. TRANSFER TO OHIOMEANSJOBS WORKFORCE DEVELOPMENT
REVOLVING LOAN FUND
On July 1, 2013, or as soon as possible thereafter, the
Director of Budget and Management shall transfer $25,000,000 from
the Economic Development Programs Fund (Fund 5JC0) used by the
Board of Regents to the OhioMeansJobs Workforce Development
Revolving Loan Fund (Fund 5XXX) used by the Development Services
Agency.
Section 5. Within the limits set forth in this act, the
Director of Budget and Management shall establish accounts
indicating the source and amount of funds for each appropriation
made in this act, and shall determine the form and manner in which
appropriation accounts shall be maintained. Expenditures from
appropriations contained in this act shall be accounted for as
though made in the main operating appropriations act of the 130th
General Assembly.
The appropriations made in this act are subject to all
provisions of the main operating appropriations act of the 130th
General Assembly that are generally applicable to such
appropriations.
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