Bill Summary

by Rodríguez (J) Co Sponsors: Dudley CS Sponsors: Economic Development & Tourism Subcommittee

Reporting Requirements for Economic Development Programs: Provides definitions; requires DEO to publish specified information concerning state investment in economic development programs; requires DEO to use methodology & formulas established by EDR for specified calculations; requires EDR to provide description of specified methodology & formulas to DEO & DEO to publish description within specified period; provides procedures & requirements for reviewing, updating, & supplementing specified published information; requires DEO to annually publish information relating to progress of Quick Action Closing Fund projects; requires DEO to publish certain confidential information pertaining to participant businesses upon expiration of specified confidentiality period; requires DEO to publish certain reports related to businesses that fail to complete tax refund agreements under tax refund program for qualified target industry businesses; provides construction & legislative intent; authorizes DEO to adopt rules. Effective Date: October 1, 2013

   H Economic Development & Tourism Subcommittee
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