Workforce Enhancement Training Fund; revise administration of and make technical changes to.

Created three new special funds: Mississippi Workforce Enhancement Training Fund, Mississippi Office of Workforce Development Fund, and Mississippi Works Fund, each with specific purposes and distribution requirements.

Added new unemployment insurance contribution rates for employers: 0.20% for Workforce Enhancement Training, 0.01% for Office of Workforce Development, and 0.04% for Works Fund (with the Works contribution only active in years when the general experience rate is below 0.2%).

Established a new Mississippi Office of Workforce Development with expanded powers including direct access to accounting/banking statements, ability to enter nondisclosure agreements, and authority to implement career coaching programs.

Added comprehensive reporting requirements requiring quarterly and annual reports on fund performance, specific training projects, grants awarded, and tools/resources selected, to be submitted to state leadership by October 1 each year.

Added provisions that contribution collections for workforce development funds shall not be suspended under any circumstances for tax year 2021, ensuring these funds are collected regardless of unemployment rate conditions.

Redefined the composition of the State Workforce Investment Board to include 31 voting members with specific representation requirements for business, workforce, government, and legislative members.

Set the effective date of the act to July 1, 2025, and included a temporary exemption through December 31, 2026, for certain rental agreement provisions related to the new office.