INDUSTRIAL JOBS TRAINING ACT
Synopsis of Bill as introduced:
Creates the Illinois Industrial New Jobs Training Act. Provides
for the establishment of job training programs by educational
intermediaries, with preference to be given to community colleges.
Provides for the funding of the training programs. Amends the State
Finance Act to create the Industrial New Jobs Training Fund. Provides
that moneys in the Fund shall be used to finance agreements entered
into under the Illinois Industrial New Jobs Training Act. Provides
that interest earned on the Fund shall be deposited into the General
Revenue Fund. Provides that amounts in excess of $50,000,000 in the
Fund shall be transferred to the General Revenue Fund. Provides that
at least $10,000,000 shall be held in the Industrial New Jobs Training
Fund at all times unless the Governor approves a transfer to the
General Revenue Fund or a waiver of the minimum balance requirement.
Authorizes the issuance of up to $10,000,000 in notes for the Act's
purposes. Amends the Illinois Income Tax Act. Directs the Department
of Revenue to deposit the amounts required to be withheld from new
employees into the Industrial New Jobs Training Fund for a period of
one year after the new employee is hired. Effective January 1, 2000.
SENATE AMENDMENT NO. 1.
Deletes everything. Reinstates the provisions of the bill.
Changes the references in the Act from "employer" to "new employer".
Deletes the provisions making an agreement under the Act a lien
against the employer's assets. Provides that funds shall be
appropriated to the Department of Commerce and Community Affairs as
may be necessary for administrative expenses. Provides that the job
training may be paid for by the increase in property tax revenue
realized by an educational intermediary due to an increase in property
valuation attributable to the new jobs training program as determined
by the Department from information provided by the county clerk.
Makes other changes. Effective January 1, 2000.
SENATE AMENDMENT NO. 2.
Gives priority to community college funding unless circumstances
warrant otherwise. Provides that the training may not use funds
appropriated for adult education programs under the School Code.
Mandates that the Department of Commerce and Community Affairs submit
an annual report to the General Assembly concerning the Act's notes
and debt payments.
Last action on Bill: SESSION SINE DIE
Last action date: 01-01-09
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 2
END OF INQUIRY
Full Text Bill Status