HF 1824

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/15/2023 09:10am

A bill for an act
relating to workforce development; including county labor force participation rates
as an economic indicator; amending Minnesota Statutes 2022, section 116L.05,
subdivision 5.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2022, section 116L.05, subdivision 5, is amended to read:

Subd. 5.

Use of workforce development funds.

After March 1 of any fiscal year, the
board may use workforce development funds for the purposes outlined in sections 116L.02
and 116L.04, or to provide incumbent worker training services under section 116L.18 if
the following conditions have been met:

(1) the board examines relevant economic indicators, including the projected number
of layoffs for the remainder of the fiscal year and the next fiscal year, evidence of declining
and expanding industries, the number of initial applications for and the number of exhaustions
of unemployment benefits, job vacancy data, new text begin county labor force participation rates, new text end and any
additional relevant information brought to the board's attention;

(2) the board accounts for all allocations made in section 116L.17, subdivision 2;

(3) based on the past expenditures and projected revenue, the board estimates future
funding needs for services under section 116L.17 for the remainder of the current fiscal
year and the next fiscal year;

(4) the board determines there will be unspent funds after meeting the needs of dislocated
workers in the current fiscal year and there will be sufficient revenue to meet the needs of
dislocated workers in the next fiscal year; and

(5) the board reports its findings in clauses (1) to (4) to the chairs of legislative
committees with jurisdiction over the workforce development fund, to the commissioners
of revenue and management and budget, and to the public.