AN ACT AUTHORIZING STATE BONDS FOR MUNICIPAL COMMERCIAL FACADE IMPROVEMENTS.

Summary

The bill lets the State Bond Commission issue bonds totaling no more than $20 million, with the money administered by the Department of Economic and Community Development to provide grant aid to municipalities for commercial façade upgrades. It is intended to beautify downtown corridors, increase foot traffic, and stimulate local economic activity. The measure is currently referred to the House Committee on Finance, Revenue and Bonding.

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