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Code · BILL · 115th Congress · S. 1743 (Introduced in Senate) — To amend the Internal Revenue Code of 1986 to create tax incentives for coal community zones, to provide education an... · Sec. 205

Sec. 205. Business training funds

694 words·~3 min read·/bill/115/s/1743/is/section-205·

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From amounts made available under subsection (e), the Secretaries, in accordance with the interagency agreement under section 206, shall award grants, on a competitive basis, to local administrators to enable the local administrators to award subgrants under subsection
(c)to businesses to provide in-house training, and future employment, to coal community individuals. A grant awarded under this section shall be for a 3-year period. A local administrator may not receive more than 1 grant under this section. A local administrator desiring a grant under this section shall submit to the Secretaries an application at such time, in such manner, and containing such information as the Secretaries may require, including— the number of coal community individuals in the coal community zone to be served; the number of coal community individuals that will benefit from the program; a description of the eligible businesses described in subsection (c)(2) that will participate in the program proposed under the grant, including the in-demand industry sectors or occupations represented by the businesses; the target employment numbers of participating individuals for the eligible businesses participating; a plan for allocating grant funds to businesses; and a description of the process through which the coal community agency will evaluate any requests to waive the employment requirement under subsection (c)(3)(B). Each local administrator receiving a grant under this section shall use grant funds to award subgrants, to eligible businesses described in paragraph (2), to enable the eligible businesses to provide in-house training to coal community individuals in preparation for employment with or advancement within the eligible businesses. In order to be eligible for a subgrant under this subsection, a business shall— be a business located in a coal community zone; and provide an assurance that the business will hire, for a minimum of one year, each coal community individual who completes the in-house training provided under the subgrant or will reimburse the local administrator in accordance with paragraph (3). A business that does not hire or retain, for a period of not less than 1 year, all coal community individuals who complete the in-house training provided under a subgrant under this subsection shall reimburse the local administrator in the amount equal to the cost of the training provided to such employee, subject to subparagraph (B). Upon request by a business receiving a subgrant under this subsection, the local administrator may waive the reimbursement requirement of subparagraph
(A)for a business if the local administrator determines that— the business made substantial effort to comply with the employment requirement under subparagraph (A); hired a significant percentage of individuals relative to the amount of funds provided under the grant; or the decision made by the business to not hire or retain an individual was for cause. By not later than 30 days after receiving a reimbursement under paragraph (3)(A), a local administrator— shall report the receipt of such funds to the Secretaries; and may apply to the Secretaries for permission to reallocate the funds received under this paragraph during the grant period. Each business receiving a subgrant under subsection
(c)shall prepare and submit an annual report to the local administrator regarding the subgrant, including— the numbers of coal community individuals— beginning the training provided under this section; completing such training; hired by the business within 3 months of completion; and still employed by the business, as of 6 months, 1 year, 2 years, and 4 years after the completion of the training; and the average salary of the coal community individuals hired after completing the training. Each local administrator receiving a grant under this section shall prepare and submit an annual report to the Secretaries regarding the grant under this section. The Secretaries shall prepare and submit an annual report to Congress regarding the grant program under this section that includes the information provided by the coal community agencies under paragraph (2). The Director of the Institute of Education Sciences shall evaluate the effectiveness, quality, and return in investment of grant funds provided under this section. There are authorized to be appropriated to the Secretary of Labor to carry out this section such sums as may be necessary for each of fiscal years 2018 through 2023.
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