2015 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: BaCote
Co-Patron(s): Hester, James, McClellan, Plum, Rasoul, Tyler
Restore Enterprise Zone Funding

Item 105 #1h

Item 105 #1h

First Year - FY2015 Second Year - FY2016
Commerce and Trade
Housing and Community Development, Department of FY2015 $2,550,000 FY2016 $2,400,000 GF

Page 91, line 47, strike "$12,423,354" and insert "$14,973,354".
Page 91, line 47, strike "$12,423,354" and insert "$14,823,354".
Page 92, line 3, strike "$11,900,000" and insert "$14,150,000".
Page 92, line 4, strike "11,750,000" and insert "14,150,000".

(This amendment restores the funding levels for the Enterprise Zone Grant Program in the second year to a total of $14.15 million each year to reduce the potential proration of benefits resulting from oversubscription to the program. When grants have to be reduced it reduces the reliability and attractiveness of the program as a community redevelopment tool. The restored funding amount reflects cuts imposed both in Chapter 2, 2014 Special Session 1, and actions proposed by the Governor in House Bill 1400 to comply with the provisions of the state agency cuts contained in Item 471.10. A companion amendment to that item reduces the Central Account reversion from the Department of Housing and Community Development.)