Bill > HB312

This bill appropriates fifty million dollars ($50,000,000) from the state's general fund to the economic development department for projects under the Local Economic Development Act, which is a law designed to encourage economic growth within communities. This funding is available for use in fiscal year 2016 and any years after, and importantly, any money not spent or committed by the end of a fiscal year will not be returned to the general fund, meaning it can be carried over for future use.