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1995 SESSION
LD7141743Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 63.1-25.3 as follows:
§ 63.1-25.3. Virginia Targeted Jobs Grant Program.
A. The State Board of Social Services shall implement a grant program to provide assistance to employers who hire "qualified employees," as hereinafter defined, in taxable years 1994, 1995, and 1996, subject to the terms and conditions of this section and the regulations of the Board.
B. For purposes of this section, a "qualified employee" is any Virginia resident who at the time of hiring is a recipient of "aid to dependent children" as defined in § 63.1-87 and shall have been placed with the employer as a result of the Department of Social Services' Employment Service Program or TRADE Program as is evidenced by a certification and voucher furnished by the Department [ and who has been a recipient of such aid as defined in § 63.1-87 for a period of nine consecutive months ] .
In order to receive a grant hereunder, the employer shall document and keep records that the employee satisfied the above conditions at the time of hiring.
C. Any person who is hired under this program (i) shall not have been an
employee of the employer claiming the grant for at least one year prior to
the date of hiring; (ii) shall not have been involved in a strike or
labor dispute during the unemployed period; (iii) shall not be a
relative of any owner of the employer claiming the grant ("relative" shall be
defined as a spouse, child, grandchild, parent or sibling of an owner or
employer, and "owner" shall be defined, in the case of a corporation, as any
person who owns five percent or more of the corporation's stock); or (iv)
shall not own, directly or indirectly, more than fifty percent in value of
the outstanding stock of a corporation claiming the grant; and (v) shall have
worked for the employer for at least 1,000 hours of the taxable year for
which the [ corporation employer ] is claiming
the grant [ at a rate of pay which is at least the minimum wage ]
. All employees of [ corporations employers ]
that are members of a controlled group are treated as employees of a
single employer for purposes of this grant program.
D. 1. Employers who hire such qualified employees shall be entitled to receive an annual Virginia targeted jobs grant in the amount of $1,000 for each qualified employee hired in the preceding taxable year. The grants shall be paid from a fund to be entitled the "Virginia Targeted Jobs Grant Fund," to the extent the general appropriation act makes provision for such Fund, and shall be administered by the Commissioner of Social Services.
2. Employers entitled to claim or apply for a grant pursuant to this section shall provide evidence, satisfactory to the Commissioner, of hiring such qualified employees in the preceding taxable year. The applications claiming such grants shall be filed no later than the last day of the third month following the close of the taxable year for which such grants are claimed. Failure to meet the filing deadline shall render the applicant ineligible to receive a grant. The postmark cancellation shall govern the date of the filing determination unless the Commissioner has approved an alternative means of filing.
E. The Commissioner shall certify to the Comptroller the amount of grant an employer is eligible to receive, and payments shall be paid by check issued by the Treasurer of Virginia on warrant of the Comptroller.
F. The Commissioner, upon presenting appropriate credentials, may examine the records, books, and other applicable documents to determine whether the employer has satisfied the requirements for grants as set forth in this section.