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2010 SESSION
SB 554 Governor's Development Opportunity Fund; authority of Governor to award grants.
Introduced by: Phillip P. Puckett | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED SENATE:
Governor's Development Opportunity Fund; authority to award grants. Provides that the guidelines for the Governor's Development Opportunity Fund may require an affected locality or localities to provide matching funds, which may be cash or in-kind, at the discretion of the Governor. In addition, the Governor may waive the cap on the amount of money that may be provided to any individual project if the project for which the waiver is granted is of regional or statewide interest.
SUMMARY AS INTRODUCED:
Governor's Development Opportunity Fund; authority to award grants. Authorizes the Governor to award grants of up to $2 million for projects located in a central city or urban core area.