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 create a platinum provider program for eligible training providers. It defines "fiscal year" and requires the director of development to ensure that each approved training provider receives reimbursement at least once per fiscal year. The bill outlines the application process for training providers, detailing the necessary information for participation and reimbursement, and establishes criteria for approval based on training duration, cost, and commitment to serving low-income individuals.

The platinum provider program allows approved training providers to receive advance payments for training costs related to microcredentials, contingent upon demonstrating a high success rate in credential attainment. The bill specifies the application process for this program, including requirements for advance payment requests and conditions for subsequent payments based on training completion rates. It also sets forth the framework for state institutions of higher education to participate as institutional platinum providers, mandating a minimum of two in-person and one online training program. Additionally, the bill outlines conditions for revoking a provider's platinum status and details the reimbursement process, including the requirement for providers to refund advance payments if less than fifty percent of participants earn a microcredential. Existing section 122.1710 is repealed as part of this legislation.

Statutes affected:
As Introduced: 122.1710