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House Bill 1542

House Bill 1542

ARCHIVE (2003)

Latest Information


Regional economic growth revolving loan fund. Creates the regional economic growth revolving loan fund. Provides that certain entities that propose a project to create or retain jobs or otherwise affect the development of the state's economy within a geographic region are eligible for a loan from the fund. Provides that the development finance authority administers the fund. Specifies the terms and conditions of a loan. Requires the authority and the department of commerce to consider certain economic criteria before the bond bank issues a loan.
Current Status:
In Committee - first House
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