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2025 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Locke
Military Centered Community Zone Incentive Matching Grant

Item 103 #3s

Item 103 #3s

First Year - FY2025 Second Year - FY2026
Commerce and Trade
Department of Housing and Community Development FY2025 $0 FY2026 $5,000,000 GF

Language
Page 111, line 49, strike "$81,477,325" and insert "$86,477,325".

Page 121, after line 18, insert:

"AA.1. Out of the appropriation in this item, $5,000,000 the second year from the general fund shall be used by the Department to establish a Military Centered Community Zone Incentive Matching Grant Program.  The program shall provide dollar-to-dollar matching incentive grants to localities, or other political subdivisions acting on behalf of the localities, that establish by ordinance Military Community Zones and offer unique benefits to businesses that locate within the zones to serve the needs of the military personnel.

2. The department shall develop appropriate guidelines and criteria for grant awards and the use of the funding provided for the Military Centered Community Zone Incentive Matching Grant Program.

3. The Department shall report to the General Assembly on or before December 1 of each year. At a minimum, the report shall include information on the number of applicant localities, description of incentives provided, number of businesses attracted to the Military Centered Community Zone, and the estimated cost of continuing the program."



Explanation

(This amendment provides $5.0 million GF the second year to create the Military-Centered Community Zone Incentive Matching Grant Program. Localities may establish the zones by ordinance to offer unique benefits to businesses that locate within the zone to serve military personnel.)