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Author Topic: MW: Skills and Retraining Assistance Program Bill  (Read 266 times)
Senator Cris
Cris
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« on: January 02, 2015, 05:24:08 am »
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Skills and Retraining Assistance Program Bill
Section 1 Adult Education Loan or Grant
1. When a company is closed down or lays off workers, those workers are eligible to apply for a Adult Education Loan or Grant
2. The amount for an Adult Education Loan (AEL) shall be up to $20,000, an Adult Education Grant (AEG) shall be up to $10,000.
3. Either a AEL or AEG may be used only for assisting in paying for re-training programs or furthering education at a Technical School, College, or University.
4. Those eligible may only receive an AEL or AEG once per employer induced unemployment.
5. The Program shall be administered by the Bank of the Midwest.
Section 2 Funding
1. A fund of 5 Billion dollars shall be set aside each budget cycle.
2. When unemployment falls below 5%, the amount allotted shall be reduced to 2.5 Billion.
Section 3 Implementation
1. This bill shall become law, after passage and approval from the Governor, after the funds have been allocated in the Budget of the Midwest.

Sponsor: GAworth
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GAworth
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« Reply #1 on: January 02, 2015, 09:14:58 pm »
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I feel the legislation is fairly self-explanatory. The unemployment rate of the Midwest was at 9% when this was written, now it is under 6%, which is great. However, many employees may see a pink slip following the end of the holidays. This bill will help the chronically and recently unemployed be able to adapt to the changing jobs market.
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Gass3268
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« Reply #2 on: January 03, 2015, 02:43:46 pm »
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Any idea what the interest rates would be on these loans or would that be up t the Bank of the Midwest?
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GAworth
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« Reply #3 on: January 03, 2015, 08:56:53 pm »
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The Bank Chair would set that, we can write it in.
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Gass3268
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« Reply #4 on: January 04, 2015, 08:08:12 pm »
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The Bank Chair would set that, we can write it in.

Would you like to write the amendment?
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GAworth
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« Reply #5 on: January 05, 2015, 03:33:58 pm »
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Skills and Retraining Assistance Program Bill
Section 1 Adult Education Loan or Grant
1. When a company is closed down or lays off workers, those workers are eligible to apply for a Adult Education Loan or Grant
2. The amount for an Adult Education Loan (AEL) shall be up to $20,000, an Adult Education Grant (AEG) shall be up to $10,000.
3. Either a AEL or AEG may be used only for assisting in paying for re-training programs or furthering education at a Technical School, College, or University.
4. Those eligible may only receive an AEL or AEG once per employer induced unemployment.
5. The Program shall be administered by the Bank of the Midwest.
6. The AEL shall be interest free.
Section 2 Funding
1. A fund of 5 Billion dollars shall be set aside each budget cycle.
2. When unemployment falls below 5%, the amount allotted shall be reduced to 2.5 Billion.
Section 3 Implementation
1. This bill shall become law, after passage and approval from the Governor, after the funds have been allocated in the Budget of the Midwest.

Sponsor: GAworth

This sound good?
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Gass3268
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« Reply #6 on: January 06, 2015, 04:21:37 pm »
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I open a 48-hours vote on my amendment. Please vote Aye, Nay or Abstain.

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Skills and Retraining Assistance Program Bill
Section 1 Adult Education Loan or Grant
1. When a company is closed down or lays off workers, those workers are eligible to apply for a Adult Education Loan or Grant
2. The amount for an Adult Education Loan (AEL) shall be up to $20,000, an Adult Education Grant (AEG) shall be up to $10,000.
3. Either a AEL or AEG may be used only for assisting in paying for re-training programs or furthering education at a Technical School, College, or University.
4. Those eligible may only receive an AEL or AEG once per employer induced unemployment.
5. The Program shall be administered by the Bank of the Midwest.
6. The AEL shall be interest free.
Section 2 Funding
1. A fund of 5 Billion dollars shall be set aside each budget cycle.
2. When unemployment falls below 5%, the amount allotted shall be reduced to 2.5 Billion.
Section 3 Implementation
1. This bill shall become law, after passage and approval from the Governor, after the funds have been allocated in the Budget of the Midwest.
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Gass3268
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« Reply #7 on: January 06, 2015, 04:22:26 pm »
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Aye
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GAworth
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« Reply #8 on: January 06, 2015, 05:33:20 pm »
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Aye
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Gass3268
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« Reply #9 on: January 09, 2015, 01:53:40 pm »
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The amendment has passed, with 2 Ayes.
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Gass3268
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« Reply #10 on: January 09, 2015, 01:55:11 pm »
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Anyone have any other amendments or are we ready for the final vote?
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GAworth
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« Reply #11 on: January 09, 2015, 09:31:54 pm »
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I'm ready for a final vote.
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Gass3268
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« Reply #12 on: January 10, 2015, 07:39:13 pm »
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I'm ready for a final vote.

As am I, Joe Mad?
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Joe Mad
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« Reply #13 on: January 10, 2015, 08:57:57 pm »
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I am ready as well.
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Gass3268
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« Reply #14 on: January 11, 2015, 03:36:51 pm »
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I open a 72-hours final vote. Please vote Aye, Nay or Abstain.

Quote
Skills and Retraining Assistance Program Bill
Section 1 Adult Education Loan or Grant
1. When a company is closed down or lays off workers, those workers are eligible to apply for a Adult Education Loan or Grant
2. The amount for an Adult Education Loan (AEL) shall be up to $20,000, an Adult Education Grant (AEG) shall be up to $10,000.
3. Either a AEL or AEG may be used only for assisting in paying for re-training programs or furthering education at a Technical School, College, or University.
4. Those eligible may only receive an AEL or AEG once per employer induced unemployment.
5. The Program shall be administered by the Bank of the Midwest.
6. The AEL shall be interest free.
Section 2 Funding
1. A fund of 5 Billion dollars shall be set aside each budget cycle.
2. When unemployment falls below 5%, the amount allotted shall be reduced to 2.5 Billion.
Section 3 Implementation
1. This bill shall become law, after passage and approval from the Governor, after the funds have been allocated in the Budget of the Midwest.
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Gass3268
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« Reply #15 on: January 11, 2015, 03:40:20 pm »
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Aye
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Joe Mad
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« Reply #16 on: January 11, 2015, 03:53:36 pm »
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Aye
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GAworth
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« Reply #17 on: January 11, 2015, 05:03:51 pm »
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Aye
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Gass3268
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« Reply #18 on: January 14, 2015, 01:35:28 am »
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The act has passed, with 3 Ayes!
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