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2002 SESSION

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HB 713 Governor's Development Opportunity Fund.

Introduced by: Ward L. Armstrong | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Governor’s Development Opportunity Fund; economically stressed communities. Provides that no matching funds shall be required by the Governor as a condition of receiving a grant or loan from the Fund for economically stressed communities. For the purposes of this bill, “economically stressed communities” is defined as any locality that has had a net loss of 10 percent of its jobs in the past five years or has an unemployment rate of more than nine percent over a period of six months. The bill provides that this provision shall expire on July 1, 2005.


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