Bill > S0106

This bill establishes the "qualified television revolving loan fund" (QTV Fund), a public-private partnership managed by a contracted "fund administrator" to provide loans for television production. The QTV Fund aims to encourage television content production in the state by offering loans to "qualified production companies" that meet specific criteria for "qualified television content," which includes series, miniseries, or made-for-TV productions distributed by "major broadcasters" (like networks or streaming services) and meeting production budget and spending requirements within the state. The fund administrator, a private entity selected through competitive bidding, will manage the fund, disburse loans, and work with "qualified lending partners" (financial institutions with expertise in media financing) to leverage private investment capital. The bill also mandates that the Economic Development Programs Evaluation, conducted by the Office of Economic and Demographic Research and the Office of Program Policy Analysis and Government Accountability (OPPAGA), will include an analysis of this new QTV Fund, and it sets an expiration date for the program in December 2026.