15.343 - WORKFORCE DEVELOPMENT FUND.
15.343 WORKFORCE DEVELOPMENT FUND.
1. a. A workforce development fund is created as a revolving
fund in the state treasury under the control of the department
consisting of any moneys appropriated by the general assembly for
that purpose and any other moneys available to and obtained or
accepted by the department from the federal government or private
sources for placement in the fund. The fund shall also include
moneys appropriated to the fund from the workforce development fund
account established in section 15.342A.
b. Notwithstanding section 8.33, moneys in the workforce
development fund at the end of each fiscal year shall not revert to
any other fund but shall remain in the workforce development fund for
expenditure for subsequent fiscal years.
2. The assets of the fund shall be used by the department for the
following programs and purposes:
a. Training and retraining programs for targeted industries.
b. Projects under chapter 260F. The department shall require
a match from all businesses participating in a training project under
chapter 260F.
c. Apprenticeship programs under section 260C.44, including
new or statewide building trades apprenticeship programs.
d. Innovative skill development activities.
e. To cover the costs of the administration of workforce
development programs and services available through the department.
A portion of these funds may be used to support efforts by the
community colleges to provide workforce services to Iowa employers.
3. Moneys in the workforce development fund shall be allocated as
follows:
a. Three million dollars shall be used for purposes provided
in section 260F.6.
b. One million dollars shall be used for purposes provided in
section 260F.6B. Section History: Recent Form
95 Acts, ch 184, §3; 96 Acts, ch 1180, §2, 4--6; 96 Acts, ch 1186,
§5--7; 99 Acts, ch 183, §3; 2000 Acts, ch 1230, §16; 2001 Acts, ch
188, §22; 2003 Acts, ch 35, §45, 49; 2008 Acts, ch 1032, § 201; 2008
Acts, ch 1122, § 10, 11
Referred to in § 15.104, 15.342, 260C.18A