2008 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Nutter
GOF Requirements (language only)

Item 105 #3h

Item 105 #3h

Commerce And Trade
Commerce and Trade, Secretary of

Page 88, after line 19, insert:
"6. In order to qualify for funding under the Governor's Development Opportunity Fund, local governments must adopted a county/city-wide strategic economic development plan that projects a five-year cycle by December 31, 2009.  A current Economic Development Administration (EDA) Comprehensive Economic Development Strategy document will qualify as meeting this standard.  In addition to looking at strategic economic development, the plan should analyze the regional economy and serve as a guide for establishing goals and objectives, developing and implementing a plan of action, and identifying investment priorities and funding resources."

(This amendment requires localities to adopt five-year economic development plans to be eligible to receive grants from the Governor's Development Opportunity Fund.)