COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 2006-01
Bill No.: SB 500
Subject: Revises certain job training programs
Type: Original
Date: February 26, 2001
FISCAL SUMMARY
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| None | |||
| Total Estimated
Net Effect on All State Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| None | |||
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| Local Government | $0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
ASSUMPTION
Officials from the Department of Economic Development, Department of Higher Education, Department of Elementary and Secondary Education, and the Department of Labor and Industrial Relations each assume this proposal would not fiscally impact their respective agencies.
| FISCAL IMPACT - State Government | FY 2002
(10 Mo.) |
FY 2003 | FY 2004 |
| $0 | $0 | $0 | |
| FISCAL IMPACT - Local Government | FY 2002
(10 Mo.) |
FY 2003 | FY 2004 |
| $0 | $0 | $0 |
FISCAL IMPACT - Small Business
This proposal may impact small businesses in the health or professional services fields, if they are now able to enter into an agreement with a community college under the New Jobs Training Program.
DESCRIPTION
This proposal revises the definition of an "industry" entering into an agreement with a community college under the New Jobs Training Program to include health or professional services.
The definition of an "industry" which may receive assistance from the Job Development Fund is expanded to include a consortium of entities organized to provide common training to the member entities' employees.
The Basic Industry Retraining Program is expanded to support all new investment, not just capital investment.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.
SOURCES OF INFORMATION
Department of Economic Development
Department of Higher Education
Department of Elementary and Secondary Education
Department of Labor and Industrial Relations
Jeanne Jarrett, CPA
Director
February 26, 2001