Bill > HB5

This bill establishes the Workforce Development and Apprenticeship Trust Fund and makes appropriations for workforce development and apprenticeship programs for fiscal years 2025 and 2026, with ongoing provisions for subsequent years. * **Workforce Development and Apprenticeship Trust Fund:** This fund will receive distributions, appropriations, gifts, and donations, with investment income credited to it. Money from this fund can be used to cover general fund deficits if other reserve funds are exhausted. * **Transfers and Appropriations to Public Works Apprentice and Training Fund and Workforce Solutions Department:** * For fiscal years 2025 and 2026, $2,500,000 annually will be transferred to the Public Works Apprentice and Training Fund and $2,500,000 annually will be appropriated to the Workforce Solutions Department for the Apprenticeship Assistance Act. * For fiscal years thereafter, $1,500,000 annually will be transferred to the Public Works Apprentice and Training Fund and $1,500,000 annually will be appropriated to the Workforce Solutions Department for the Apprenticeship Assistance Act. * **Administration of Public Works Apprentice and Training Act and Apprenticeship Assistance Act:** The Workforce Solutions Department is clarified as the administrator for both of these acts. This includes collecting employer contributions, reviewing compliance, investigating noncompliance, and disbursing funds. * **Apprenticeship and Training Advisory Committee:** The bill outlines the composition, terms, and functions of an advisory committee that will provide recommendations on apprenticeship programs and fund distribution.