AN ACT ESTABLISHING A FULL EMPLOYMENT TRUST FUND.

SB 1031 establishes a Full Employment Trust Fund under the Labor Department to create jobs and provide paid training for unemployed and underemployed residents unable to find suitable work. The fund will directly support individuals facing employment barriers by financing job creation initiatives and skill-building programs. Key provisions require the Labor Department to administer these funds, focusing on practical employment solutions rather than broader economic policies. This bill does not alter existing unemployment benefits or tax structures but creates a dedicated funding mechanism for workforce development.