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2009 SESSION

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HB 2643 Economic development entities; extension of performance agreements.

Introduced by: Donald W. Merricks | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Economic development; extension of performance agreements.  Authorizes state and local economic development entities, including any county, city or town, upon the agreement of the parties, to extend any performance agreement. The bill defines performance agreement.  The bill provides that no such extension would allow for any payment or appropriation of funds except as provided in the general appropriation act.

SUMMARY AS PASSED HOUSE:

Economic development; extension of performance agreements.  Authorizes state and local economic development entities, including any county, city or town, upon the agreement of the parties, to extend any performance agreement. The bill defines performance agreement.

SUMMARY AS INTRODUCED:

Economic development; extension of performance agreements.  Authorizes state and local economic development entities, upon the agreement of the parties, to extend for a period not to exceed two years any performance agreement. The bill defines performance agreement. The bill contains a sunset date of July 1, 2011.