Bill > SB187

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 the state. This funding is available for use in fiscal year 2017 and any years following, and any money not spent or committed by the end of a fiscal year will remain available for future use rather than being returned to the general fund.