2011 Session

Budget Amendments - HB1500 (Conference Report)

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Enterprise Zone Program

Item 101 #1c

Item 101 #1c

First Year - FY2011 Second Year - FY2012
Commerce And Trade
Housing and Community Development, Department of FY2011 $0 FY2012 $2,500,000 GF

Page 84, line 48, strike "$13,423,354" and insert "$15,923,354".
Page 85, line 2, strike "$13,150,000" and insert "$15,650,000".

(This amendment provides $2.5 million from the general fund in the second year to provide additional funding for the Enterprise Zone Program. The program provides grants for real property investment and job creation in economically distressed areas. The program has been consistently over-subscribed and during the past year grants have been prorated at 62 cents for each dollar of qualified projects due to a lack of adequate funding.)