FUNDS/FUNDING: Provides relative to the Incumbent Worker Training Program. (8/1/26) (EN INCREASE SD RV See Note)

Added a new Section F requiring the administrator to set aside up to 40% of appropriated funds to create a 'Flexible Workforce Fund' specifically for sector-based training and high-demand occupations.

Replaced a static funding cap with a dynamic mechanism that allows for an automatic credit against employer contributions if the program's balance drops below a specific level, ensuring continued funding availability.

Modified the operating history requirement for eligible employers, changing the threshold from 'three years a minimum of two years' to 'three years a minimum of two years' (clarifying the duration requirement).

Updated the bill's header and page numbering to reflect its status as the original version (SLS 26RS-435) rather than the enrolled version.

The fund balance threshold triggering a 10% reduction in employer contributions was lowered from $1.415 billion to $1.215 billion, meaning employers will see contribution reductions sooner as the fund grows.

A specific cap of $35 million for charging the Incumbent Worker Training Account in a single year was removed from the enrolled text.

Redundant text and formatting errors from the draft version were corrected, and the document status was updated from 'Engrossed' to 'Enrolled'.