§5B-2-3b. Economic development promotion and closing fund.

The previously created fund known as the “Development Office promotion fund” is hereby continued but shall hereafter be known as the “Economic Development Promotion and Closing Fund”. Moneys deposited in this fund shall be administered by the Department of Economic Development and used solely to promote business formation, expansion, recruitment and retention through aggressive marketing and international development and export assistance, and to provide a fund from which moneys may be drawn to offer certain incentives for business formation or expansion, to provide assistance with respect to site development or other concerns identified by the secretary, and to further facilitate economic development in this state, all of which economic development efforts and initiatives lead to more and better jobs with higher wages for all geographic regions and communities of the state, including rural areas and urban core areas, and for all residents, including minorities.

Bills Affecting §5B-2-3B

2021 Regular Session: HB2019
2021 Regular Session: SB274
2004 Regular Session: SB197
2004 Regular Session: HB4059
2002 Regular Session: SB110
2002 Regular Session: HB4006
2001 Regular Session: SB121
2001 Regular Session: HB2203