AN ACT relating to economic development.

Summary

The bill sets up an Economic Development Fund that will be financed through bond issuances or other appropriations and managed by the Cabinet for Economic Development. It establishes project‑selection criteria—such as job creation, investment size, and public‑private involvement—and requires written commitments from applicants. The fund can support private, public and airport projects, but state agency projects are excluded unless specifically approved in a budget bill.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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