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SF229 (Legislative Session 94 (2025-2026))

Labor force participation rates included as an economic indictor provision

AI Generated Summary

Senate Bill SF No 229, introduced by Senator Draheim, aims to update how workforce development funds are used in Minnesota. Specifically, it modifies Section 116L05 Subdivision 5 of the 2024 Minnesota Statutes. Under the proposed changes, the board overseeing these funds can begin using them to support incumbent worker training from March 1 of any fiscal year, if certain conditions are met:

  1. The board must thoroughly examine several economic indicators such as layoff projections, the health of different industries, unemployment claims, job vacancies, and county labor force participation rates.

  2. The board must ensure all previous fund allocations are accounted for as outlined in another specific section of the statute.

  3. An assessment of past spending and future financial requirements must be made to ensure there's enough money for planned services.

  4. The board must confirm that there are extra funds remaining that could be used without compromising the support required for displaced workers currently and in the next fiscal year.

  5. The findings from above conditions must be reported to the relevant legislative committees, as well as to the commissioners in charge of revenue, management, and budget, and additionally made public.

This bill is meant to ensure that allocation of workforce development funds is responsive to current economic conditions and needs, and that funds are managed efficiently and transparently.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
January 15, 2025SenateFloorActionIntroduction and first reading
January 15, 2025SenateFloorActionReferred toJobs and Economic Development

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill modifies the use of workforce development funds under section 116L.05.",
      "modified": [
        "Updates conditions under which workforce development funds can be used, taking into account county labor force participation rates and other economic indicators."
      ]
    },
    "citation": "116L.05"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This section is referenced concerning the purposes for which workforce development funds may be used.",
      "modified": []
    },
    "citation": "116L.02"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This section is referenced for the potential use of workforce development funds.",
      "modified": []
    },
    "citation": "116L.04"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This section is referenced regarding the provision of incumbent worker training services.",
      "modified": []
    },
    "citation": "116L.18"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This section is referenced regarding allocations and funding needs for services.",
      "modified": []
    },
    "citation": "116L.17"
  }
]

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