(a) THEC shall establish and administer a qualified work-based learning grant program to incentivize employer participation in work-based learning and to assist employers with costs associated with work-based learning.

Terms Used In Tennessee Code 49-11-903

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Grant: means a qualified work-based learning grant issued pursuant to this part. See Tennessee Code 49-11-901
  • Grant fund: means the qualified work-based learning grant fund established by §. See Tennessee Code 49-11-901
  • Program operator: means a nonprofit entity that has entered into an agreement with THEC to administer the program established by this part. See Tennessee Code 49-11-901
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
  • THEC: means the Tennessee higher education commission. See Tennessee Code 49-11-901
  • Work-based learning: means the application of academic and technical knowledge in a work setting that involves actual work experience. See Tennessee Code 49-11-901
(b) There is created a separate fund within the general fund to be known as the qualified work-based learning grant fund.
(c) The grant fund is composed of:

(1) Funds specifically appropriated by the general assembly for the grant fund; and
(2) Gifts, grants, and other donations received for the grant fund.
(d) Moneys in the grant fund must be invested by the state treasurer for the benefit of the grant fund in accordance with § 9-4-603. Interest accruing on investments and deposits of the grant fund must be returned to the grant fund and remain part of the grant fund.
(e) [Deleted by 2021 amendment.]
(f) [Deleted by 2021 amendment.]
(g) THEC shall select a program operator to administer the program established by this part and shall issue a grant from funds available in the qualified work-based learning grant fund to the program operator selected by THEC.
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