Public finance; state or local governments; payments; public revenues; business entities; disclosure; effective date.

Summary

The bill stops the state or any local government from paying private businesses for major economic development projects unless the companies that will benefit are named in advance. It also forces a public disclosure of those beneficiaries at least 60 days before any payments or use of public funds, posted on a website. The aim is to make the use of taxpayer money for big development deals more transparent.

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

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