Louisiana Revised Statutes 51:2337 – Application for funding; procedures
Terms Used In Louisiana Revised Statutes 51:2337
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means the Louisiana Economic Development Corporation as established in Part II of this Chapter. See Louisiana Revised Statutes 51:2303
- Program: means the Workforce Development and Training Program. See Louisiana Revised Statutes 51:2332
A. To qualify for funding for customized training services, an application shall be made to the corporation and shall be accompanied by an application describing the need for the services as well as a detailed explanation of the proposal and projected benefits and any other information the corporation deems appropriate.
B. The corporation shall develop a formal workforce training award program that includes an application, review, evaluation, and award process and the corporation shall adopt rules and regulations promulgated in accordance with law.
C. Each application shall be reviewed by the corporation’s board to determine if such applicant is qualified to receive funding and whether he shall receive such funding.
D. All approved applications shall be presented to the Joint Legislative Committee on the Budget, the House Committee on Commerce, and the Senate Committee on Commerce, Consumer Protection, and International Affairs in the corporation’s quarterly report in accordance with the provisions of La. Rev. Stat. 51:2319.
Acts 1995, No. 483, §1; Acts 1997, No. 313, §1, eff. June 17, 1997; Acts 2001, No. 9, §9, eff. July 1, 2001; Acts 2003, No. 183, §8.