☰ Revisor of Missouri

Title XL ADDITIONAL EXECUTIVE DEPARTMENTS

Chapter 620

< > Effective - 28 Aug 2017, 4 histories, see footnote (history) bottom

  620.806.  Missouri Works job development fund established, use of moneys. — 1.  The Missouri job development fund, formerly established in the state treasury by section 620.478*, shall now be known as the "Missouri Works Job Development Fund" and shall be administered by the department for the training program.  The fund shall consist of all moneys which may be appropriated to it by the general assembly and also any gifts, contributions, grants, or bequests received from federal, private or other sources, including, but not limited to, any block grant or other sources of funding relating to job training, school-to-work transition, welfare reform, vocational and technical training, housing, infrastructure, development, and human resource investment programs which may be provided by the federal government or other sources.

  2.  The department may provide financial assistance through the training program to qualified companies that create new jobs which will result in the need for training, or that make new capital investment relating directly to the retention of jobs in an amount at least five times greater than the amount of any financial assistance.  Financial assistance may also be provided to a consortium of a majority of qualified companies organized to provide common training to the consortium members' employees.  Funds in the Missouri works job development fund shall be appropriated, for financial assistance through the training program, by the general assembly to the department and shall be administered by a local educational agency certified by the department for such purpose.  Except for state-sponsored preemployment training, no qualified company shall receive more than fifty percent of its training program costs from the Missouri works job development fund.  No funds shall be awarded or reimbursed to any qualified company for the training, retraining, or upgrading of skills of potential employees with the purpose of replacing or supplanting employees engaged in an authorized work stoppage.  Upon approval by the department, training project costs, except the purchase of training equipment and training facilities, shall be eligible for reimbursement with funds from the Missouri works job development fund.  Notwithstanding any provision of law to the contrary, no qualified company within a service industry shall be eligible for assistance under this subsection unless such qualified company provides services in interstate commerce, which shall mean that the qualified company derives a majority of its annual revenues from out of the state.

  3.  The department may provide assistance, through appropriations made from the Missouri works job development fund, to business and technology centers.  Such assistance shall not include the lending of the state's credit for the payment of any liability of the fund.  Such centers may be established by Missouri community colleges, or state-owned postsecondary technical colleges, to provide business and training services for growth industries as determined by current labor market information.

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(L. 2013 H.B. 196, A.L. 2017 H.B. 93)

Sunset date 8-28-30, see § 620.809  

Termination date 9-01-31, see § 620.809

*Section 620.478 was repealed by H.B. 196, 2013


---- end of effective  28 Aug 2017 ----

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620.806 8/28/2022
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