Requires the workforce training and education coordinating board to: (1) Establish a state lifelong learning account steering committee to develop a policy framework to establish a statewide lifelong learning account program, identify technical and budget issues along with recommendations on how to resolve them, study methods for continuing outreach to workers, employers, and foundations willing to participate in and fund lifelong learning accounts, explore career advising options including online tools, and design a performance accountability system; and

(2) Consistent with the policies established by the steering committee, plan and develop the financial infrastructure required for a statewide lifelong learning account program.