Bill > HB305

This bill appropriates two million dollars ($2,000,000) from the state's general fund to the economic development department for the fiscal year 2016. This funding is designated for a cooperative marketing program, which will offer matching funds to local economic development organizations. The purpose of these matching funds is to enhance efforts to attract new businesses to the regions served by these local organizations. The economic development department is required to provide a report on the program's progress to the relevant interim legislative committee. Any money from this appropriation that is not spent or committed by the end of fiscal year 2016 will be returned to the general fund.