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2020 SESSION
HB 1361 Truck Manufacturing Grant Fund; created.
Introduced by: Nick Rush | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Truck Manufacturing Grant Fund; creation. Creates the Truck Manufacturing Grant Fund to make grant payments to an eligible truck manufacturer that makes a capital investment of at least $397 million at a facility in Pulaski County and creates at least 777 new full-time jobs at the facility. The eligible truck manufacturer would be eligible for an aggregate of $16.5 million in grants paid out over a 10-year period if it meets such performance parameters. This bill is identical to SB 611.
SUMMARY AS INTRODUCED:
Truck Manufacturing Grant Fund; creation. Creates the Truck Manufacturing Grant Fund to make grant payments to an eligible truck manufacturer that makes a capital investment of at least $397 million at a facility in Pulaski County and creates at least 777 new full-time jobs at the facility. The eligible truck manufacturer would be eligible for an aggregate of $16.5 million in grants paid out over a 10-year period if it meets such performance parameters.