summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
2013 Regular Session
Bill Summary
Establishing the Economic Development Programs Evaluation; revising the distribution of funds in the Grants and Donations Trust Fund; requiring the Department of Economic Opportunity to analyze each economic development incentive application; providing for the state's guarantee of certain federal loans to local governments; creating the "Gulf Coast Economic Corridor Act"; creating Triumph Gulf Coast, Inc., as nonprofit corporation; requiring the corporation to create and administer the Recovery Fund for the benefit of disproportionately affected counties, etc.
AI Summary
This bill establishes an Economic Development Programs Evaluation to assess the effectiveness and economic benefits of various state programs, requiring detailed analyses by specific deadlines and mandating access to necessary data for the evaluating offices. It also revises reporting requirements for the Department of Economic Opportunity, including earlier submission deadlines and the incorporation of reports from other programs, and adjusts the distribution of funds within the Grants and Donations Trust Fund. The bill introduces the "Gulf Coast Economic Corridor Act," creating Triumph Gulf Coast, Inc., a nonprofit corporation responsible for administering a Recovery Fund to benefit counties disproportionately affected by the Deepwater Horizon disaster, with specific provisions for fund creation, investment, and award distribution for economic recovery and diversification. Additionally, it mandates that the Department of Economic Opportunity analyze each economic development incentive application for its economic benefits, requires state guarantees for certain federal loans to local governments, and modifies definitions and reporting requirements for various economic development programs and initiatives.
Committee Categories
Budget and Finance, Health and Social Services
Sponsors (0)
No sponsors listed
Other Sponsors (3)
Appropriations (Senate), Commerce and Tourism (Senate), Community Affairs (Senate)
Last Action
Laid on Table, companion bill(s) passed, see CS/CS/HB 7007 (Ch. 2013-39), CS/SB 406 (Ch. 2013-42) (on 05/01/2013)
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