HB102 Summary - The 21st Century Workforce Act

• Authorizes the Alabama Public School and College Authority to issue up to $50,000,000 in bonds to fund career and technical education equipment for local school boards.

• Distributes bond proceeds as follows: $10 million allocated pro rata by number of Career Technical Education units; $20 million allocated pro rata by number of CTE students; $20 million deposited into newly created 21st Century Workforce Fund.

• Creates 21st Century Workforce Grant Committee composed of the State Superintendent of Education (chair), Secretary of Commerce (vice-chair), Director of Alabama Industrial Development Training Institute, Director of State Department of Education's Office of Career Technical Education and Workforce Development, Chancellor of Alabama College System, and one Governor-appointed member.

• Pledges utility gross receipts tax, utility service use tax, sales tax, and use tax revenues for bond debt service; bonds are limited obligations of the authority, not state debt.

• Authorizes refunding bonds and requires authority to hire contractors reflecting racial and ethnic diversity of the state; bond sales must occur through competitive bidding with public evaluation of proposals.