1997 Session

Budget Amendments - HB1600 (Committee Approved)

View Budget Item
View Budget Item amendments

Infrastructure Study (language only)

Item 92 #2h

Item 92 #2h

Commerce And Trade
Housing and Community Development, Department of

Page 67, after line 31, insert:
"L. The Department shall work with the respective subcommittees of the House Appropriations and Senate Finance Committees and the Economic Development Partnership in developing financing options that will allow the Commonwealth to assist localities with the development of industrial parks and related infrastructure improvements.  Such financing options should include funds from federally sponsored economic development programs, as well as options that would provide tax breaks to financial institutions which agree to provide low-interest financing for the purchase and improvement of industrial sites.
The Department shall make its recommendations and issue a report to the Chairmen of the House Appropriations and Senate Finance Committee no later than October 15, 1997."

(This amendment is self-explanatory.)