Bill > HB306

This bill appropriates $500,000 from the state's general fund to the economic development department for fiscal year 2016, specifically to enhance the marketing and business recruitment efforts of a corporation established under the Economic Development Corporation Act. The economic development department is also required to report to the relevant legislative committee on the outcomes of these business recruitment and expansion initiatives, and any funds not spent or committed by the end of fiscal year 2016 will be returned to the general fund.