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House Bill 1534

House Bill 1534

ARCHIVE (2005)

Latest Information

DIGEST OF HB 1534 (Updated February 21, 2005 6:55 pm - DI 92)

Regional venture capital funds. Authorizes counties, cities, and towns that receive county economic development income taxes to establish regional venture capital funds by pooling taxes payable to the participating units. Provides that a regional venture capital fund shall be administered by a governing board. Requires each unit participating in the regional venture capital fund to be represented on the governing board. Requires the governing board to have members from different political parties. Authorizes the governing board to make grants or loans from the fund to public or private entities for economic development purposes.
Current Status:
2nd Reading in Progress
Latest Printing (PDF)