Sec. 103. Uses of funds
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/bill/116/s/5068/is/section-103·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subject to the limitations in subsection (b), a State may use, or ensure that a local area uses, the funds awarded under this title for any of the following activities: Training and education opportunities. Adult education. Incumbent worker training. Dislocated worker training. On-the-job training. Job search assistance. Layoff aversion, in advance of the notice required under the Worker Adjustment and Retraining Notification Act ( 29 U.S.C. 2101 et seq.), which may include assisting employers with product diversification, market expansion, and improving productivity.
Helping individuals who need assistance with starting up, scaling up, or maintaining their businesses, through entrepreneurial development and coaching, which may include the provision of loans through local boards of up to $8,000 to help with starting up a new business or maintaining a business in financial distress. Developing career pathway opportunities (including through industry or sector partnerships) to in-demand, high-quality jobs in coordination with employers, community-based organizations, and State higher education systems, and the State registered apprenticeship agency.
Related instruction for a pre-apprenticeship, a registered apprenticeship, or other work-based training in a career pathway. Funding existing or establishing new State or nonprofit employee ownership resource centers that offer education and technical assistance to retiring business owners, new entrepreneurs, or worker groups for the purpose of using broad-based employee share ownership through of employee stock ownership plans, worker cooperatives, or employee ownership trusts, to allow worker groups to buy out retiring business owners.
Providing capital for revolving loan funds managed by State or nonprofit entities that offer loans to— allow worker groups to buy out retiring business owners; worker groups or entrepreneurs looking to save a declining business through employee-ownership; or workers using broad-based employee share ownership through of employee stock ownership plans, worker cooperatives, or employee ownership trusts. No State or local area may use funds awarded under this title to— recruit businesses, employees, or customers from another State; assist employers whose jobs do not meet the standards of job quality under section 102(b)(9); or assist proprietary institutions of higher education (as defined in section 102(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1002(b) )).
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