The Legislature passed Engrossed Second Substitute House Bill 2158 in 2019, known as the Workforce Education Investment Act (WEIA). The WEIA established the Workforce Education Investment Account that is funded from an increase in the Business and Occupation Tax. The Workforce Education Investment Account is solely for funding higher education expenses. As a part of the WEIA, the Workforce Education Investment Accountability and Oversight (WEIAO) Board was established for two purposes:
The WEIAO Board has 17 members, including legislators and representatives from businesses impacted by the tax, higher education, labor, and students. The WEIAO Board is staffed by the Workforce Training and Education Coordinating Board (Workforce Board) and is required to meet four times a year.
The Student Achievement Council is tasked with staffing the WEIAO Board. The Workforce Board must maintain the WEIAO Board's data dashboard on a public-facing portal.