Sec. 6. Cooperative agreements to establish Impacted Workers Funds
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The Public Works and Economic Development Act of 1965 ( 42 U.S.C. 3121 et seq.) is amended by inserting after section 504 the following: To be eligible to receive funds described in section 3(e)(2) of the Worker Adjustment and Retraining Notification Act ( 29 U.S.C. 2102(e)(2) ) a State shall enter into a cooperative agreement with the Secretary under this section. A cooperative agreement entered into under subsection
(a)shall require a participating State to— establish and administer an Impacted Workers Fund (in this Act referred to as a Fund ) to receive amounts pursuant to section 3(e)(2) of the Worker Adjustment and Retraining Notification Act ( 29 U.S.C. 2102(e)(2) ); and ensure that amounts deposited into the fund are used to support only the jurisdiction of the unit of local government for which such amounts are deposited (as determined by an economic impact study under section 3(e) of the Worker Adjustment and Retraining Notification Act ( 29 U.S.C. 2102(e) )), including for workforce training, income assistance, and wage insurance. . The table of contents in section 1(b) of the Public Works and Economic Development Act of 1965 ( 42 U.S.C. 3121 note) is amended by inserting after the item related to section 504 the following: Sec. 505. Cooperative agreements to establish Impacted Workers Funds. .
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