Section 12 Workforce Investment Trust Fund and Economic Development Trust Fund Reforms 4

          Subsection (c) of said section 18 of said chapter 23N, as so appearing, is hereby amended by striking out, in line 25, the word "and" and inserting in place thereof the following word:- or.

This section, together with related sections, authorizes the Secretary of Economic Development, in consultation with the Secretary of Labor and Workforce Development, to transfer funds from the Workforce Investment Trust Fund to the Economic Development Trust Fund and allows for more flexible use of the Workforce Investment Trust Fund.