SB2124 Summary

• Amends the Public Community College Act to allow community college boards to enter into agreements with employers to provide new jobs training programs, including training, adult basic education, vocational services, equipment, and on-the-job training.

• Permits program costs to be paid from property taxes on new business property, tuition and student fees, or guaranteed payments, with costs deferred no longer than 10 years from project commencement.

• Authorizes boards to borrow money and issue certificates payable from future agreement receipts, with certificates sold at public or private sale at par, premium, or discount.

• Requires boards to adopt resolutions establishing an annual standby tax on all taxable property within the district to secure certificate payments when agreement revenues are insufficient.

• Establishes a 15-day public notice and appeal period before certificate issuance, allowing circuit court review if the board exceeds its legal authority.