Connecticut General Statutes 31-11m – Workforce Innovation and Opportunity Act funds
(a) All funds received by the state of Connecticut under the federal Workforce Innovation and Opportunity Act of 2014, P.L. 113-128, as from time to time amended, shall be deposited into the General Fund.
Terms Used In Connecticut General Statutes 31-11m
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(b) Funds reserved for state-wide investment activities by the state of Connecticut from the amounts allotted to the state under Sections 127(b)(1)(C), 132(b)(1)(B) and 132(b)(2)(B) of the federal Workforce Innovation and Opportunity Act of 2014, P.L. 113-128, as from time to time amended, shall be consistent with the provisions of Section 128(a) of said act. The Governor shall reserve not more than fifteen per cent of such allotted amounts in any fiscal year for state-wide workforce investment activities. At least annually, the Chief Workforce Officer shall submit, in accordance with the provisions of § 11-4a, a notice to the joint standing committee of the General Assembly having cognizance of matters relating to appropriations regarding how the funds reserved for state-wide investment activities will be used and if any changes are made in how such funds will be used.