The bill proposes an amendment to AS 23.15.630(a) to increase the contribution rate for the State Training and Employment Program. Specifically, it changes the contribution amount from "one-tenth of one percent" to "0.20 percent" of the wages on which employees are required to make contributions. This adjustment aims to enhance funding for the Department of Labor and Workforce Development's programs.

Additionally, the bill includes a new section that clarifies the applicability of the amended contribution rate, stating that the new rate will apply to contracts entered into on or after the effective date of the Act. This ensures that the updated contribution structure is implemented in future agreements, thereby supporting the ongoing development of workforce training initiatives in Alaska.

Statutes affected:
SB0159A, AM SB 159, introduced 04/07/2025: 23.15.630, 23.20.175, 23.20.290, 37.10.050