Sec. 103. Uses of funds
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/bill/117/hr/4490/ih/section-103A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A State may use, or ensure that a local area uses, the funds awarded under this title for any of the following purposes: Training and education opportunities. Adult basic education. Incumbent worker training. Dislocated worker training. On-the-job training. Job seeking 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.
Partnering with a community development financial institution or other similar entity to provide entrepreneurial development and coaching, low-interest loans with affordable loan terms, or other assistance with starting up a new business or preserving 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, including the State registered apprenticeship system.
Related instruction for pre-apprenticeship, registered apprenticeship, or other work-based training in an occupational pathway. Funding existing or establishing new State or nonprofit employee ownership resource centers or cooperative development centers that offer educational and technical assistance to retiring business owners, new entrepreneurs, or worker groups for the purpose of using broad-based employee share ownership in the form of employee stock ownership plans, worker cooperatives, or employee ownership trusts, to allow worker groups to buy out retiring business owners.
Capital for revolving loan funds managed by State or non-profit entities that offer loans to allow worker groups to buy out retiring business owners, worker groups, or entrepreneurs looking to save a declining firm through employee-ownership, or workers or using broad-based employee share ownership in the form of employee stock ownership plans, worker cooperatives, or employee ownership trusts. Providing financial or other assistance to participants, which will not reduce unemployment benefits, or count towards income limits for other Federal or State means-tested programs.
No State or local area may use funds awarded under this title to— recruit businesses, employees, or customers from another State; assist employers that 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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