Introduced
by
To give local governments the authority to borrow from the state or federal governments, and loan or give the money to private businesses for "economic development." Under current law they are authorized to loan or give away state or federal grant money, but not money they have borrowed from the state or federal governments.
Referred to the Committee on Intergovernmental, Urban, and Regional Affairs
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 105 to 4
Referred to the Committee on Local, Urban, and State Affairs
Reported without amendment
With the recommendation that the bill pass.
Amendment offered
To expand the type of federal loans that can be given away or lent to private entities.
The amendment passed by voice vote
Amendment offered
by
The amendment passed by voice vote
Passed in the Senate 33 to 0 (details)
To give local governments the authority to borrow from the state or federal governments, and loan or give the money to private businesses for "economic development." Under current law they are authorized to loan or give away state or federal grant money, but not money they have borrowed from the state or federal governments.
Passed in the House 98 to 3
