Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 20 - Employees' Benefits |
Chapter V - Employment and Training Administration, Department of Labor |
Part 663 - Adult and Dislocated Worker Activities Under Title I of the Workforce Investment Act |
Subpart D - Individual Training Accounts |
§ 663.410 - What is an Individual Training Account (ITA)?
Latest version.
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§ 663.410 What is an Individual Training Account (ITA)?
The ITA is established on behalf of a participant. WIA title I adult and dislocated workers purchase training services from eligible providers they select in consultation with the case manager. Payments from ITA's may be made in a variety of ways, including the electronic transfer of funds through financial institutions, vouchers, or other appropriate methods. Payments may also be made incrementally; through payment of a portion of the costs at different points in the training course. (WIA sec. 134(d)(4)(G).)