The bill amends section 122.1710 and introduces new sections 122.1712 and 122.1713 of the Revised Code to enhance the Individual Microcredential Assistance Program (IMAP) and establish a platinum provider program for certain participants. Key changes include a revised definition of "fiscal year" and a requirement for the director of development to ensure that each training provider receives total reimbursement at least once per fiscal year. Training providers are now mandated to submit applications at the beginning of the fiscal year, detailing the microcredentials for which they seek reimbursement, including associated costs and plans to assist low-income or unemployed individuals.

The newly established platinum provider program allows approved training providers to receive advance payments for training costs, contingent upon meeting specific performance criteria, such as a high percentage of participants earning microcredentials. The bill also outlines the application process for both the IMAP and the platinum provider program, including necessary documentation and reimbursement conditions. Additionally, it requires state institutions of higher education to provide a minimum of two in-person and one online training program to earn a microcredential, maintain a surety bond, and specifies the process for revoking a provider's platinum status if they fail to meet established criteria. The existing section 122.1710 is repealed, and the act is officially named the Platinum Providers Act.

Statutes affected:
As Introduced: 122.1710