2003 Senate Bill 239 ↩

Senate Roll Call 46: Passed

To allow a county to grant or loan any funds not derived from property taxes to a nonprofit corporation organized to subsidize economic development loans. Current law only allows the use of federal, state, or local grants for this purpose. The bill requires that grants or loans be awarded in a public county commission meeting according to an official process, and requires recipients to file annual reports on the extent to which their activities have met the stated public purpose. See also Senate Bill 240, and House Bills 4300 and 4324.