Senate Study Bill 3052 and House Study Bill 541 Iowa Apprenticeship and Job Training Act. Makes changes to the job training program and fund under Code Chapter 260F. Changes the parties and process for training agreements: The Economic Development Authority (EDA) (instead of a community college) would make an agreement with an eligible business for a training/education arrangement that meets the business's workforce needs. (This is instead of allocating funding to community colleges to conduct these projects.) Moves the Job Training Fund from the EDA's Workforce Development Fund to the State Treasury. Transfers $5 million from the Workforce Development Fund to the Job Training Fund. Makes the match from all businesses participating in a job training project under Chapter 260F permitted instead of mandatory. Allocates 40% of the money in the Job Training Fund for financial assistance to eligible businesses and 60% of the money for financial assistance to apprenticeship programs. Provides for what type of financial assistance may be offered depending on the type of training provided. Financial assistance is generally a loan for the full cost of a project with 50% repayment required. However, if the training is provided by a statewide industry association that facilitates training utilizing industry-recognized standards resulting in portable credentials for the skilled trade, or the project is conducted by community college faculty or staff, the financial assistance is a grant or forgivable loan for the full cost. An apprenticeship sponsor may apply to EDA for financial assistance for apprenticeship programs in Iowa for apprentices who will be employed at Iowa worksites. Repeals Code sections relating to EDA's duty to coordinate the job training program and allocation of funding to community colleges, as that no longer applies to the newly required agreements and available funding. Repeals Code sections relating to the business network training and the high technology apprenticeship program. Provides transition provisions, stating that financial assistance awards through the job training program under agreements between community colleges and businesses entered into prior to July 1, 2014, remain in effect. Loan payments, repayments, recaptures, and any other moneys accruing pursuant to those agreements will be transferred to the Job Training Fund, as amended by the bill. Proposed Governor's bill. In Economic Growth. Senate subcommittee: Dotzler, Bowman, Chelgren. House subcommittee: Baltimore, Jorgensen, Wood.