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MI SB1074
Bill
AI Summary
SB-1074 Summary
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Removes the December 31, 2018 deadline for community college districts to enter into new jobs training agreements and issue new jobs training revenue bonds.
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Increases the annual aggregate limit on outstanding obligations for all agreements from $50,000,000 to $75,000,000 in any calendar year.
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Clarifies that "new job" means a full-time position with wages equal to or exceeding 175% of the state minimum wage, including jobs in new, existing, or expanding businesses.
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Updates the definition of "state minimum wage" to reference the Workforce Opportunity Wage Act (2014 PA 138) instead of the outdated Minimum Wage Law of 1964.
Legislative Description
Higher education; community colleges; job training programs; revise statutory limits on number and aggregate amount of new training agreements and clarify definition of new job. Amends secs. 161, 162 & 164 of 1966 PA 331 (MCL 389.161 et seq.) & repeals sec. 166 of 1966 PA 331 (MCL 389.166).
Higher education, community colleges
Last Action
Postponed For The Day
12/19/2014