Section 0500-06-01-.03 - PROGRAM ADMINISTRATION(1) Program Resources.(a) The Tennessee Job Skills Fund is established as a separate account in the general fund.(b) The Tennessee Job Skills Fund is composed of:1. Money transferred into the Tennessee Job Skills Fund pursuant to the provisions of 1998 Tenn. Pub. Acts Ch. 1110.2. Gifts, grants, and other donations received by the Department of Economic and Community Development for the Tennessee Job Skills Fund; and3. Funds appropriated by the General Assembly for the Tennessee Job Skills Fund.(c) Money in the Tennessee Job Skills Fund may be used by the Department of Economic and Community Development for program administration, marketing expenses, and program evaluation; however, such expenses shall not exceed five percent (5%) of the total amount appropriated for the program in any fiscal year.(d) Amounts remaining in the Tennessee Job Skills Fund at the end of each fiscal year do not revert to the general fund.(e) Money in the Tennessee Job Skills Fund is to be invested by the State Treasurer pursuant to T.C.A. Title 9. Chapter 4, Part 6, for the sole benefit of the Tennessee Job Skills Fund, and interest accruing on investments and deposits of such fund is to be returned to such fund and remain part of the Tennessee Job Skills Fund.(f) The Legislature has expressed the intent that, to the extent practicable, money from the Tennessee Job Skills Program shall be spent in all areas of the State.(g) 1998 Tenn. Pub. Acts Ch. 1110 states that the General Assembly shall annually, in the General Appropriations Act, appropriate the amount to be available in such fiscal year for Tennessee Job Skills Grants. The legislature has stated its intent that new commitments for Tennessee Job Skills Grants made by the Commissioner of Economic and Community Development from the Tennessee Job Skills Fund shall not exceed appropriations made for such purposes. It is further the legislative intent that in each fiscal year the Tennessee Job Skills Program be managed so that actual expenditures and obligations to be recognized at the end of the fiscal year shall not exceed any available reserves and appropriations of the program.(2) Program expenses. Expenses for the administration of the Tennessee Job Skills Program incurred by the Department of Employment Security shall be paid from the Tennessee Job Skills fees collected in accordance with 1998 Tenn. Pub. Acts Ch. 1110, it being the intent of the General Assembly that no federal grant funds of the Department of Employment Security shall be used to audit the Tennessee Job Skills Fund or to administer the provisions of Public Chapter 1110.Tenn. Comp. R. & Regs. 0500-06-01-.03
Original rule filed August 28, 1998; effective December 29, 1998.Authority: 1998 Tenn. Pub. Acts, Ch. 1110, §40, §4 (b)(2) and §4(c); and T.C.A. § 4-3-702(c).