HB 1848-S - DIGEST

(DIGEST OF PROPOSED 1ST SUBSTITUTE)

     Provides that, subject to legislative appropriation, the higher education coordinating board with the assistance of the state board for community and technical colleges, shall establish and administer an earned income training credit pilot project as provided in this act for eligible persons who received an earned income tax credit under the federal internal revenue code.

     Provides that the higher education coordinating board shall, with the cooperation of the state board for community and technical colleges and the employment security department, report on the impact of this act to the work force training and education coordinating board, or a successor board, and the appropriate committees of the legislature by December 1, 2003.

     Appropriates the sum of three million dollars, or as much thereof as may be necessary, for the fiscal year ending June 30, 2002, from the general fund-federal temporary assistance for needy families grant to the higher education coordinating board to carry out the purposes of this act.

     Appropriates the sum of seven million dollars, or as much thereof as may be necessary, for the fiscal year ending June 30, 2003, from the general fund-federal temporary assistance for needy families grant to the higher education coordinating board to carry out the purposes of this act.