CHAPTER 7. TRAINING 2000 PROGRAM AND FUND
IC 5-28-7
Chapter 7. Training 2000 Program and Fund
IC 5-28-7-1
"Business"
Sec. 1. As used in this chapter, "business" includes an entity that
has the objective of supplying a service or an article of trade or
commerce.
As added by P.L.4-2005, SEC.34.
IC 5-28-7-2
Training program; policies; promotional materials; eligibility;
continuing operations
Sec. 2. The corporation shall do the following:
(1) Establish policies to carry out a training assistance program,
the purpose of which is to provide assistance to the following:
(A) New or expanding businesses, for the training of
potential employees and the retraining and upgrading of the
skills of potential employees.
(B) Businesses in Indiana, for the retraining and upgrading
of employees' skills required to support new capital
investment.
(C) Businesses in Indiana, for the development of basic
workforce skills of employees, including the following:
(i) Literacy.
(ii) Communication skills.
(iii) Computational skills.
(iv) Other transferable workforce skills approved by the
corporation.
(2) Provide promotional materials regarding the training
program.
(3) Determine the eligibility of an industry for the training
program.
(4) Require a commitment by a business receiving training
assistance under this chapter to continue operations at a site on
which the training assistance is used for at least five (5) years
after the date the training assistance expires. If a business fails
to comply with this commitment, the corporation shall require
the business to repay the training assistance provided to the
business under this chapter.
As added by P.L.4-2005, SEC.34.
IC 5-28-7-3
Policies and guidelines; services and materials; training plans;
evaluation; other entities
Sec. 3. The corporation may do the following:
(1) Adopt policies and guidelines necessary to carry out this
chapter.
(2) Accept money and other things of value from all sources to
carry out the purposes of the training program.
(3) Provide services and materials in order to carry out the
purposes of the training program.
(4) Develop or assist in the development of training plans.
(5) Evaluate the training program with respect to the program's
impact on the improvement of workforce skills, job creation,
and job retention.
(6) Involve other entities, by contract or otherwise, in carrying
out the purposes of the training program.
As added by P.L.4-2005, SEC.34.
IC 5-28-7-4
Participation of businesses
Sec. 4. Participation in the training program is limited to
businesses that:
(1) meet the eligibility requirements of the corporation; and
(2) comply with this chapter.
As added by P.L.4-2005, SEC.34.
IC 5-28-7-5
Training 2000 fund
Sec. 5. (a) The training 2000 fund is established within the state
treasury to be used exclusively for the purposes of this chapter.
(b) The fund consists of appropriations from the general
assembly.
(c) The corporation shall administer the fund. The following may
be paid from money in the fund:
(1) Expenses of administering the fund.
(2) Nonrecurring administrative expenses incurred to carry out
the purposes of this chapter.
(d) The treasurer of state shall invest the money in the fund not
currently needed to meet the obligations of the fund in the same
manner as other public funds may be invested. Interest that accrues
from these investments shall be deposited in the fund.
As added by P.L.4-2005, SEC.34.