It is the intent of the legislature that a training benefits program be established to provide unemployment insurance benefits to unemployed individuals who participate in training programs necessary for their reemployment.
The legislature further intends that this program serve the following goals:
(1) Retraining should be available for those unemployed individuals whose skills are no longer in demand;
(2) Training must enhance the individual's marketable skills and earning power; and
(3) Retraining must be targeted to high-demand occupations.
The legislature further intends that funding for this program be limited by a specified maximum amount each fiscal year.