{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-2476.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-2476.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-2476.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-2476.html"}],"law_id":76249,"edition_id":1,"section_id":76249,"structure_id":14351,"section_number":"2.2-2476","catch_line":"Workforce Training Access Program and Fund","history":"2014, c. 815.","full_text":"A\n\nTo facilitate the employment of residents of the Commonwealth, to provide a qualified and competent workforce for Virginia’s employers, and to promote the industrial and economic development of the Commonwealth, which purposes are declared and determined to be public purposes, there is created the Workforce Training Access Program, to be administered by the Secretary of Finance as provided in this section.B\n\nFrom such funds as are appropriated for this purpose and from such gifts, donations, grants, bequests, and other funds as may be received on its behalf, there is created in the state treasury a special nonreverting fund to be known as the Workforce Training Access Fund, hereafter referred to as “the Fund.” The Fund shall be established on the books of the Comptroller. Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund.\n\t\t\tThe assets of the Fund shall be reserved, invested, and expended solely pursuant to and for the purposes of this section and shall not be expended or otherwise transferred or used by the Commonwealth for any other purpose. Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller upon written request signed by the Secretary of Finance only as a guaranty of payment of workforce training loans made by a national student loan marketing association pursuant to the provisions of this section.C\n\nThe Secretary of Finance is authorized to enter into an agreement with a national student loan marketing association that shall originate, fund, and service workforce training loans in accordance with the provisions of this section to persons enrolled in workforce training courses and programs that the Virginia Board of Workforce Development has certified to be responding to the technology needs of business and industry in the Commonwealth pursuant to § 2.2-2472.\n\t\t\tThe terms and conditions of such workforce training loans shall be consistent with market conditions and shall provide a repayment sufficient to amortize the cost of the training over its expected useful life, not to exceed 60 months. No person may receive a workforce training loan or loans that would result in that person owing an outstanding amount in excess of the tuition and required fees for the certified workforce training course or program in which such person participates.\n\t\t\tOnly persons (i) who have established domicile in Virginia, as provided in § 23.1-502 or (ii) who are employed in Virginia and whose employers make loan repayments directly by payroll deduction or tuition assistance, before providing for the training needs of other students in such certified courses, shall be eligible to receive workforce training loans. Nothing herein shall be construed to impose an obligation upon an employer to make loan payments or to continue tuition assistance after termination of the student’s employment.\n\t\t\tConsistent with Article VIII, Sections 10 and 11 of the Constitution of Virginia, the assets of the Fund shall be pledged as a guaranty of payment of workforce training loans made by such national student loan marketing association and may be expended in satisfaction of the guaranty obligations incurred thereby. Neither the Commonwealth nor any of its agencies, political subdivisions, or employees shall have any other or further liability in connection with such workforce training loans.\n\t\t\tThe agreement shall provide for annual evaluation by such national student loan marketing association and the Secretary of Finance, or his designee, of the aggregate unpaid amount of workforce training loans that such national student loan marketing association shall make available hereunder. Such association shall agree to make available workforce training loans in an aggregate unpaid amount of not less than five times the amount of all cash, cash equivalents, investments, and other assets that would then be available in the Fund.D\n\nIf such association ceases to make workforce training loans available as provided under the agreement, the Fund shall revert to the general fund of the Commonwealth, free of the restrictions imposed by this section, after payment of or provision for any outstanding obligations that the Fund guarantees.","order_by":null,"text":{"0":{"id":273759,"text":"To facilitate the employment of residents of the Commonwealth, to provide a qualified and competent workforce for Virginia’s employers, and to promote the industrial and economic development of the Commonwealth, which purposes are declared and determined to be public purposes, there is created the Workforce Training Access Program, to be administered by the Secretary of Finance as provided in this section.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":273760,"text":"From such funds as are appropriated for this purpose and from such gifts, donations, grants, bequests, and other funds as may be received on its behalf, there is created in the state treasury a special nonreverting fund to be known as the Workforce Training Access Fund, hereafter referred to as “the Fund.” The Fund shall be established on the books of the Comptroller. Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund.\n\t\t\tThe assets of the Fund shall be reserved, invested, and expended solely pursuant to and for the purposes of this section and shall not be expended or otherwise transferred or used by the Commonwealth for any other purpose. Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller upon written request signed by the Secretary of Finance only as a guaranty of payment of workforce training loans made by a national student loan marketing association pursuant to the provisions of this section.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":273761,"text":"The Secretary of Finance is authorized to enter into an agreement with a national student loan marketing association that shall originate, fund, and service workforce training loans in accordance with the provisions of this section to persons enrolled in workforce training courses and programs that the Virginia Board of Workforce Development has certified to be responding to the technology needs of business and industry in the Commonwealth pursuant to § 2.2-2472.\n\t\t\tThe terms and conditions of such workforce training loans shall be consistent with market conditions and shall provide a repayment sufficient to amortize the cost of the training over its expected useful life, not to exceed 60 months. No person may receive a workforce training loan or loans that would result in that person owing an outstanding amount in excess of the tuition and required fees for the certified workforce training course or program in which such person participates.\n\t\t\tOnly persons (i) who have established domicile in Virginia, as provided in § 23.1-502 or (ii) who are employed in Virginia and whose employers make loan repayments directly by payroll deduction or tuition assistance, before providing for the training needs of other students in such certified courses, shall be eligible to receive workforce training loans. Nothing herein shall be construed to impose an obligation upon an employer to make loan payments or to continue tuition assistance after termination of the student’s employment.\n\t\t\tConsistent with Article VIII, Sections 10 and 11 of the Constitution of Virginia, the assets of the Fund shall be pledged as a guaranty of payment of workforce training loans made by such national student loan marketing association and may be expended in satisfaction of the guaranty obligations incurred thereby. Neither the Commonwealth nor any of its agencies, political subdivisions, or employees shall have any other or further liability in connection with such workforce training loans.\n\t\t\tThe agreement shall provide for annual evaluation by such national student loan marketing association and the Secretary of Finance, or his designee, of the aggregate unpaid amount of workforce training loans that such national student loan marketing association shall make available hereunder. Such association shall agree to make available workforce training loans in an aggregate unpaid amount of not less than five times the amount of all cash, cash equivalents, investments, and other assets that would then be available in the Fund.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":273762,"text":"If such association ceases to make workforce training loans available as provided under the agreement, the Fund shall revert to the general fund of the Commonwealth, free of the restrictions imposed by this section, after payment of or provision for any outstanding obligations that the Fund guarantees.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":14351,"edition_id":1,"name":"Virginia Board of Workforce Development","identifier":"24","label":"article","depth":5,"order_by":1,"parent_id":12786,"metadata":{},"date_created":"2026-06-26 03:47:50","date_modified":"2026-06-26 03:47:50","permalink":{"id":174833,"object_type":"structure","relational_id":14351,"identifier":"24","token":"2.2\/I\/D\/24\/24","url":"\/2.2\/I\/D\/24\/24\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12786,"edition_id":1,"name":"Boards","identifier":"24","label":"chapter","depth":4,"order_by":1,"parent_id":12785,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":174687,"object_type":"structure","relational_id":12786,"identifier":"24","token":"2.2\/I\/D\/24","url":"\/2.2\/I\/D\/24\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12785,"edition_id":1,"name":"State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies","identifier":"D","label":"part","depth":3,"order_by":1,"parent_id":12784,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":173913,"object_type":"structure","relational_id":12785,"identifier":"D","token":"2.2\/I\/D","url":"\/2.2\/I\/D\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12784,"edition_id":1,"name":"Organization of State Government","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12749,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":171455,"object_type":"structure","relational_id":12784,"identifier":"I","token":"2.2\/I","url":"\/2.2\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12749,"edition_id":1,"name":"Administration of Government","identifier":"2.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":171453,"object_type":"structure","relational_id":12749,"identifier":"2.2","token":"2.2","url":"\/2.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":72464,"structure_id":14351,"section_number":"2.2-2470","catch_line":"Definitions","url":"\/2.2-2470\/","token":"2.2\/I\/D\/24\/24\/2.2-2470","metadata":false},{"id":79276,"structure_id":14351,"section_number":"2.2-2471","catch_line":"Virginia Board of Workforce Development; purpose; membership; terms; compensation and expenses; staff","url":"\/2.2-2471\/","token":"2.2\/I\/D\/24\/24\/2.2-2471","metadata":false},{"id":80623,"structure_id":14351,"section_number":"2.2-2471.1","catch_line":"Secretary of Labor; staff support","url":"\/2.2-2471.1\/","token":"2.2\/I\/D\/24\/24\/2.2-2471.1","metadata":false},{"id":77388,"structure_id":14351,"section_number":"2.2-2472","catch_line":"Powers and duties of the Board; Virginia Workforce System created","url":"\/2.2-2472\/","token":"2.2\/I\/D\/24\/24\/2.2-2472","metadata":false},{"id":63475,"structure_id":14351,"section_number":"2.2-2472.1","catch_line":"Regional convener designation required; development of regional workforce pipelines and training solutions","url":"\/2.2-2472.1\/","token":"2.2\/I\/D\/24\/24\/2.2-2472.1","metadata":false},{"id":56396,"structure_id":14351,"section_number":"2.2-2472.2","catch_line":"Minimum levels of fiscal support from WIOA Adult and Dislocated Worker funds by local workforce development boards; incentives","url":"\/2.2-2472.2\/","token":"2.2\/I\/D\/24\/24\/2.2-2472.2","metadata":false},{"id":71164,"structure_id":14351,"section_number":"2.2-2472.3","catch_line":"Strategy for career pathways for opportunity youth","url":"\/2.2-2472.3\/","token":"2.2\/I\/D\/24\/24\/2.2-2472.3","metadata":false},{"id":69558,"structure_id":14351,"section_number":"2.2-2473","catch_line":"Regional workforce training centers","url":"\/2.2-2473\/","token":"2.2\/I\/D\/24\/24\/2.2-2473","metadata":false},{"id":55664,"structure_id":14351,"section_number":"2.2-2474","catch_line":"Authorization of facilities use and equipment rental; fees","url":"\/2.2-2474\/","token":"2.2\/I\/D\/24\/24\/2.2-2474","metadata":false},{"id":85581,"structure_id":14351,"section_number":"2.2-2475","catch_line":"Trade secrets","url":"\/2.2-2475\/","token":"2.2\/I\/D\/24\/24\/2.2-2475","metadata":false},{"id":76249,"structure_id":14351,"section_number":"2.2-2476","catch_line":"Workforce Training Access Program and Fund","url":"\/2.2-2476\/","token":"2.2\/I\/D\/24\/24\/2.2-2476","metadata":false},{"id":68718,"structure_id":14351,"section_number":"2.2-2477","catch_line":"Virginia Career Readiness Certificate Program","url":"\/2.2-2477\/","token":"2.2\/I\/D\/24\/24\/2.2-2477","metadata":false}],"previous_section":{"id":85581,"structure_id":14351,"section_number":"2.2-2475","catch_line":"Trade secrets","url":"\/2.2-2475\/","token":"2.2\/I\/D\/24\/24\/2.2-2475","metadata":false},"next_section":{"id":68718,"structure_id":14351,"section_number":"2.2-2477","catch_line":"Virginia Career Readiness Certificate Program","url":"\/2.2-2477\/","token":"2.2\/I\/D\/24\/24\/2.2-2477","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-2476\/","history_text":"

This law was first created in 2014. The record of its establishment is cataloged in chapter 815<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":[{"id":77388,"section_number":"2.2-2472","catch_line":"Powers and duties of the Board; Virginia Workforce System created","order_by":null,"url":"\/2.2-2472\/"},{"id":84399,"section_number":"23.1-502","catch_line":"Eligibility for in-state tuition charges; domicile; domiciliary intent","order_by":null,"url":"\/23.1-502\/"}],"permalink":{"id":174875,"object_type":"law","relational_id":76249,"identifier":"2.2-2476","token":"2.2\/I\/D\/24\/24\/2.2-2476","url":"\/2.2-2476\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-2476\/","token":"2.2\/I\/D\/24\/24\/2.2-2476","dublin_core":{"Title":"Workforce Training Access Program and Fund","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2476","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> To facilitate the employment of residents of the Commonwealth, to provide a qualified and competent workforce for Virginia’s employers, and to promote the industrial and economic development of the Commonwealth, which purposes are declared and determined to be public purposes, there is created the Workforce Training Access Program, to be administered by the Secretary of Finance as provided in this section. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> From such funds as are appropriated for this purpose and from such gifts, donations, grants, bequests, and other funds as may be received on its behalf, there is created in the state treasury a special nonreverting fund to be known as the Workforce Training Access Fund, hereafter referred to as “the Fund.” The Fund shall be established on the books of the Comptroller. Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund.\n\t\t\tThe assets<\/span> of the Fund shall be reserved, invested, and expended solely pursuant to and for the purposes of this section and shall not be expended or otherwise transferred or used by the Commonwealth for any other purpose. Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller upon written request signed by the Secretary of Finance only as a guaranty of payment of workforce training loans made by a national student loan marketing association pursuant to the provisions of this section. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The Secretary of Finance is authorized to enter into an agreement with a national student loan marketing association that shall originate, fund, and service workforce training loans in accordance with the provisions of this section to persons enrolled in workforce training courses and programs that the Virginia Board of Workforce Development has certified to be responding to the technology needs of business and industry in the Commonwealth pursuant to § 2.2-2472<\/a>.\n\t\t\tThe terms and conditions of such workforce training loans shall be consistent with market conditions and shall provide a repayment sufficient to amortize the cost of the training over its expected useful life, not to exceed 60 months. No person may receive a workforce training loan or loans that would result in that person owing an outstanding amount in excess of the tuition and required fees for the certified workforce training course or program in which such person participates.\n\t\t\tOnly persons (i) who have established domicile in Virginia, as provided in § 23.1-502<\/a> or (ii) who are employed in Virginia and whose employers make loan repayments directly by payroll deduction or tuition assistance, before providing for the training needs of other students in such certified courses, shall be eligible to receive workforce training loans. Nothing herein shall be construed to impose an obligation upon an employer to make loan payments or to continue tuition assistance after termination of the student’s employment.\n\t\t\tConsistent with Article VIII, Sections 10 and 11 of the Constitution of Virginia, the assets<\/span> of the Fund shall be pledged as a guaranty of payment of workforce training loans made by such national student loan marketing association and may be expended in satisfaction of the guaranty obligations incurred thereby. Neither the Commonwealth nor any of its agencies, political subdivisions, or employees shall have any other or further liability in connection with such workforce training loans.\n\t\t\tThe agreement shall provide for annual evaluation by such national student loan marketing association and the Secretary of Finance, or his designee, of the aggregate unpaid amount of workforce training loans that such national student loan marketing association shall make available hereunder. Such association shall agree to make available workforce training loans in an aggregate unpaid amount of not less than five times the amount of all cash, cash equivalents, investments, and other assets<\/span> that would then be available in the Fund. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> If such association ceases to make workforce training loans available as provided under the agreement, the Fund shall revert to the general fund of the Commonwealth, free of the restrictions imposed by this section, after payment of or provision for any outstanding obligations that the Fund guarantees. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nWORKFORCE TRAINING ACCESS PROGRAM AND FUND (\u00a7 2.2-2476)\n\nA. To facilitate the employment of residents of the Commonwealth, to provide a\nqualified and competent workforce for Virginia’s employers, and to promote\nthe industrial and economic development of the Commonwealth, which purposes are\ndeclared and determined to be public purposes, there is created the Workforce\nTraining Access Program, to be administered by the Secretary of Finance as\nprovided in this section.\n\nB. From such funds as are appropriated for this purpose and from such gifts,\ndonations, grants, bequests, and other funds as may be received on its behalf,\nthere is created in the state treasury a special nonreverting fund to be known\nas the Workforce Training Access Fund, hereafter referred to as “the\nFund.” The Fund shall be established on the books of the Comptroller.\nInterest earned on moneys in the Fund shall remain in the Fund and be credited\nto it. Any moneys remaining in the Fund, including interest thereon, at the end\nof each fiscal year shall not revert to the general fund but shall remain in the\nFund.\n\t\t\tThe assets of the Fund shall be reserved, invested, and expended solely\npursuant to and for the purposes of this section and shall not be expended or\notherwise transferred or used by the Commonwealth for any other purpose.\nExpenditures and disbursements from the Fund shall be made by the State\nTreasurer on warrants issued by the Comptroller upon written request signed by\nthe Secretary of Finance only as a guaranty of payment of workforce training\nloans made by a national student loan marketing association pursuant to the\nprovisions of this section.\n\nC. The Secretary of Finance is authorized to enter into an agreement with a\nnational student loan marketing association that shall originate, fund, and\nservice workforce training loans in accordance with the provisions of this\nsection to persons enrolled in workforce training courses and programs that the\nVirginia Board of Workforce Development has certified to be responding to the\ntechnology needs of business and industry in the Commonwealth pursuant to §\n2.2-2472.\n\t\t\tThe terms and conditions of such workforce training loans shall be consistent\nwith market conditions and shall provide a repayment sufficient to amortize the\ncost of the training over its expected useful life, not to exceed 60 months. No\nperson may receive a workforce training loan or loans that would result in that\nperson owing an outstanding amount in excess of the tuition and required fees\nfor the certified workforce training course or program in which such person\nparticipates.\n\t\t\tOnly persons (i) who have established domicile in Virginia, as provided in\n§ 23.1-502 or (ii) who are employed in Virginia and whose employers make\nloan repayments directly by payroll deduction or tuition assistance, before\nproviding for the training needs of other students in such certified courses,\nshall be eligible to receive workforce training loans. Nothing herein shall be\nconstrued to impose an obligation upon an employer to make loan payments or to\ncontinue tuition assistance after termination of the student’s employment.\n\t\t\tConsistent with Article VIII, Sections 10 and 11 of the Constitution of\nVirginia, the assets of the Fund shall be pledged as a guaranty of payment of\nworkforce training loans made by such national student loan marketing\nassociation and may be expended in satisfaction of the guaranty obligations\nincurred thereby. Neither the Commonwealth nor any of its agencies, political\nsubdivisions, or employees shall have any other or further liability in\nconnection with such workforce training loans.\n\t\t\tThe agreement shall provide for annual evaluation by such national student\nloan marketing association and the Secretary of Finance, or his designee, of the\naggregate unpaid amount of workforce training loans that such national student\nloan marketing association shall make available hereunder. Such association\nshall agree to make available workforce training loans in an aggregate unpaid\namount of not less than five times the amount of all cash, cash equivalents,\ninvestments, and other assets that would then be available in the Fund.\n\nD. If such association ceases to make workforce training loans available as\nprovided under the agreement, the Fund shall revert to the general fund of the\nCommonwealth, free of the restrictions imposed by this section, after payment of\nor provision for any outstanding obligations that the Fund guarantees.\n\nHISTORY: 2014, c. 815.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}