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Lawmakers agree to create WISE incentive fund

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Posted: May 29, 2014 1:16 PM
Source: Associated Press

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Topics: WISE, incentive fund, higher education

BATON ROUGE - Gov. Bobby Jindal and higher education leaders have won legislative support for a new incentive fund that will direct money to high-demand degree and worker training programs.

The House gave final passage Thursday to a bill by House Speaker Chuck Kleckley that sets up the Workforce and Innovation for a Stronger Economy Fund, or WISE Fund. The 92-0 vote sent the measure to Jindal.

The bill doesn't guarantee funding, however. Lawmakers will decide each year whether to put money in the fund. Next year's budget bills include $40 million for the effort.

The Board of Regents will have final say over which campuses get money, based on recommendations from a newly-created council. Schools will have to put up a funding match.

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