DIGEST OF INTRODUCED BILL
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.