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1 New Section; Skilled Technology Worker Recruiting Fund. Amend RSA 6 by inserting after section 38 the following new section:
6:38-a Skilled Technology Worker Recruiting Fund.
I. There is hereby established in the office of the treasurer the skilled technology worker recruiting fund which shall be kept distinct and separate from all other funds. Annual state appropriations and other funds from state or federal sources, and any gifts, grants, or donations, shall be credited to the fund. The fund shall be administered by the New Hampshire Higher Education Assistance Foundation for the purpose of providing a matching grant for education debt relief of up to $2,500 for each skilled technology worker who is employed in the technology sector in the state for at least 3 years and who receives an employer-provided grant for the purpose of education debt relief. Any person who does not work for at least 3 years in the technology sector shall reimburse all employer-provided and state matching grants received under this section. The New Hampshire Higher Education Assistance Foundation shall establish the application, award, disbursement, and reimbursement procedures necessary to comply with this section.
II. The state treasurer shall invest the fund in accordance with RSA 6:8. Any earnings on fund moneys shall be added to the fund.
III. All moneys in the fund shall be nonlapsing and shall be continually appropriated to the fund for the purpose of providing skilled technology worker educational debt relief as provided in this section.
2 Appropriation. The sum of $2,000,000 for the fiscal year ending June 30, 2018, and the sum of $2,000,000 for the fiscal year ending June 30, 2019, are hereby appropriated to the skilled technology worker recruiting fund established in RSA 6:38-a. The governor is authorized to draw a warrant for said sums out of any money in the treasury not otherwise appropriated.
3 Effective Date. This act shall take effect July 1, 2017.
Text to be added highlighted in green.
1 New Section; Skilled Technology Worker Recruiting Fund. Amend RSA 6 by inserting after section 38 the following new section:
6:38-a Skilled Technology Worker Recruiting Fund.
I. There is hereby established in the office of the treasurer the skilled technology worker recruiting fund which shall be kept distinct and separate from all other funds. Annual state appropriations and other funds from state or federal sources, and any gifts, grants, or donations, shall be credited to the fund. The fund shall be administered by the New Hampshire Higher Education Assistance Foundation for the purpose of providing a matching grant for education debt relief of up to $2,500 for each skilled technology worker who is employed in the technology sector in the state for at least 3 years and who receives an employer-provided grant for the purpose of education debt relief. Any person who does not work for at least 3 years in the technology sector shall reimburse all employer-provided and state matching grants received under this section. The New Hampshire Higher Education Assistance Foundation shall establish the application, award, disbursement, and reimbursement procedures necessary to comply with this section.
II. The state treasurer shall invest the fund in accordance with RSA 6:8. Any earnings on fund moneys shall be added to the fund.
III. All moneys in the fund shall be nonlapsing and shall be continually appropriated to the fund for the purpose of providing skilled technology worker educational debt relief as provided in this section.
2 Appropriation. The sum of $2,000,000 for the fiscal year ending June 30, 2018, and the sum of $2,000,000 for the fiscal year ending June 30, 2019, are hereby appropriated to the skilled technology worker recruiting fund established in RSA 6:38-a. The governor is authorized to draw a warrant for said sums out of any money in the treasury not otherwise appropriated.
3 Effective Date. This act shall take effect July 1, 2017.