SB 27 — Public School Trades Incentive Fund and Program; created and established.

SESSION INTRODUCEDSENATE 24101813DSUBSTITUTE I24106504D SENATE BILL NO.

27 NAMENDMENT OfferedIN THE NATURE OF A SUBSTITUTE (Proposed by the Seon January 10,30, 20242024)nance and Appropriations (Patron Prior to Substitute––Senator Stanley) A BILL to amend the Code of Virginia by adding in Article 4 of Chapter 13 of Title 22.1 a section numbered 22.1-227.2, relating to Public School Trades Incentive Fund and Program;

establisheR.established.

––––––––––Be Patron––Stanleyit Oenacted ––––––––––by Dthe ReferredGeneral toAssembly Committeeof onVirginia: Education and Health –––––––––– U 1.

That the Code of Virginia is amended by adding in Article 4 of Chapter 13 of Title 22.1 a C section numbered 22.1-227.2 as follows:

Eby adding in Article 4 of Chapter 13 of Title 22.1 a § 22.1-227.2.

There is hereby created in the state treasury a special nonreverting fund to be known as the Public School Trades Incentive Fund, referred to in this section as "the Fund." The Fund shall beSe establisheddonations, grants, bequests, and other funds received on its behalf shall be paid into the booksstate oftreasury and credited to the Comptroller.Fund.

AllInterest fundsearned appropriatedon formoneys suchin purposethe andFund any gifts, donations, grants, bequests, and other funds received on its behalf shall beremain paidin into the stateFund treasuryand beE credited to it.

Moneys in the Fund shall be used solely for the purposes of awarding grants on a competitive basis to school boards pursuant to the Public School Trades Incentive Program established in subsection B.

Expenditures and disbursemeStsdisbursemeAtso the from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller upon w2ittenwritten request signed by the Superintendent.

7T B.

C.S relating to applications and awards as it deems appropriate, provided that the Department consiUers and gives appropriate weight to the following criteria for grantees:

The Department shall administer the Program and shall establish such rules and procedures relating to applications and awards as it deems appropriate, provided that the Department considers and gives appropriate weight to the following criteria for grantees:

35 desired industry-recognized certifications or credentials would make a certified or credentialed student a 36 competitive candidate;

/ 37 2.

The number of students who will be eligible to enroll in the restored high school programs or the / 38 new or restored middle school programs;

39 3.

The socioeconomic status of such eligible students;

and 4.

The extent to which such programs are made available to students from multiple schools within the local school division or from other local school divisions.

training.

grantee may use Program funds for equipment, curriculum development, or instructor E.

Each grantee shall longitudinally track students who complete any program for which the school board received funds in order to determine the effectiveness of the:

NewThe ornumber restoredof middlejob openings in the geographical area served by the school programsboard infor recruitingwhich studentsthe todesired participateindustry-recognized incertifications restoredor highcredentials schoolwould programs;make a certified or credentialeS student a com2.

andThe 2.number of students who will be eligible to enroll in the restored high school programs or the 36 new or restored middle school programs;

Restored37 high3. school programs in matching students with high-paying jobs in the fields in which they are certified or credentialed.

The socioeconomic status of such eligible students;

and I 38 4.

The extent to which such programs are made available to students from multiple schools wiThin 40 theD.

Any grantee shall use Program funds only for equipment.s.

U T E B 1