Section 14 Workforce Investment Trust Fund and Economic Development Trust Fund Reforms 2

Said section 18 of said chapter 23N, as so appearing, is hereby further amended by striking out subsection (b) and inserting in place thereof the following subsection:-
(b) The fund shall be administered by the secretary of economic development in consultation with the secretary of labor and workforce development. Money in the fund may be: (i) expended to support existing workforce development programs administered by state agencies or quasi-public agencies that develop and strengthen workforce opportunities for low-income communities or unemployed or underemployed individuals or vulnerable youth and young adults; (ii) expended to support internships, apprenticeships or other work-based learning programs or programs that provide vocational or professional training to address workforce skills gaps or workforce readiness in priority economic sectors; and (iii) competitively granted to eligible recipients described in subsection (c).