In-Demand Careers Fund

TITLE 72 WORKER’S COMPENSATION AND RELATED LAWS — INDUSTRIAL COMMISSION CHAPTER 12 WORKFORCE DEVELOPMENT COUNCIL 72-1206. in-demand careers fund. (1) There is hereby established in the state treasury the in-demand careers fund. (2)  Moneys in the in-demand careers fund are subject to legislative appropriation and shall consist of the following: (a)  Legislative appropriations; (b)  Donations and contributions made to the fund; (c)  Interest earned on idle moneys in the fund; (d)  Moneys transferred pursuant to section 63-3638 (17), Idaho Code; and (e)  Moneys reverted or repaid to the fund pursuant to section 72-1205 , Idaho Code. (3)  The in-demand careers fund shall be used to award grants as outlined in section 72-1205 , Idaho Code. (4)  When the available appropriation in a fiscal year exceeds participants, the council may use excess moneys as follows: (a)  Up to ten million dollars ($10,000,000) of the remaining appropriation may be used to provide enhanced grant funding to either eligible students or eligible adult learners based upon the following conditions: (i)   If potential awards from the council exceed available funding from the enhanced grants, awards shall be prioritized first based on the pursuit of in-demand careers; and (ii)  If, following the prioritization provided for in subparagraph (i) of this paragraph, additional moneys remain for awards, prioritization shall then be based on financial need. (b)  The remaining appropriation shall be retained in the fund and be subject to legislative appropriation in subsequent legislative sessions for the purposes of expanding in-demand career training opportunities. (5)  By January 1 each year, the council shall report sufficient data to the legislature regarding: (a)  The number and demographics of eligible students applying for grants; (b)  The number and type of eligible institutions approved by the council; (c)  The list and matrix of in-demand careers prioritized by the matrix and verified by the council pursuant to section 72-1204 (j), Idaho Code; (d)  The number of grants awarded, the number of grants reverted, and demographics of participants; and (e)  Data to demonstrate the effectiveness of the program, including but not limited to program completion rates, satisfactory academic progress, job placement rates, and retention rates of participants in Idaho upon program completion.