Unemployment: workforce development.

The federal Workforce Investment Act of 1998 provides for workforce investment activities, including activities in which states may participate. Existing law contains various programs for job training and employment investment, including work incentive programs, as specified. Existing law requires the local chief elected officials in a local workforce development area, to form, pursuant to specified guidelines, a local workforce investment board to plan and oversee the workforce investment system. This bill would transfer $25,000,000 from the General Fund to the Work-Based Learning Fund, which the bill would create in the State Treasury, for the purpose of funding work-based learning programs for out-of-school youth and young adults. This bill would appropriate the moneys in the Work-Based Learning Fund to the California Workforce Investment Board, which would develop a competitive grant program to allocate those moneys to local workforce investment boards and community-based organizations that administer Workforce Investment Act youth programs. This bill would require the local workforce investment boards and the community-based organizations to report specified information to the California Workforce Investment Board, and would require the California Workforce Investment Board to report specified information to the Legislature and the Governor, as provided.