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Senate Bill 0486


Senate Bill 0486

ARCHIVE (2003)

Latest Information

 

DIGEST OF SB 486 (Updated April 26, 2003 11:50 PM - DI 102)


Unemployment compensation; skills 2016 training fund. Increases the maximum weekly unemployment compensation amount over a three year term beginning July 1, 2003. Reduces to ten days an employer's response time to unemployment benefit claims. Requires the department of workforce development (DWD) to deposit the first $450,000 in skills 2016 training assessments in the special employment and training services fund. Eliminates the transfer of skills 2016 training fund assessments and deposits to the unemployment insurance benefit fund. Divides between joint labor and management building trades apprenticeship programs and joint labor and management industrial apprenticeship programs the amount from the allocation used by Ivy Tech to provide training. Removes the requirement that 20% of Ivy Tech's allocation be used to provide training to industrial employees who do not participate in joint labor and management industrial apprenticeship programs. Removes the $1,000,000 annual allocation to DWD for the department's technology needs. Requires DWD to prepare a report each April 30 showing the unobligated money in the fund on that date. Allows the incumbent workers training board to reallocate the unobligated money shown in DWD's report. Repeals the sunset provision for the skills 2016 training program. Makes permanent the reduction in the unemployment benefit insurance fund contribution rate to fund the skills 2016 training program.
    Current Status:
     Law Enacted
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