Sen. Debbie DeFrancesco Halvorson

Filed: 4/20/2005





09400HB0909sam001 LRB094 06759 AJO 45290 a


2     AMENDMENT NO. ______. Amend House Bill 909 on page 6,
3 between lines 18 and 19, by inserting the following:
4     "Any ordinance adopted by Grundy County that approves the
5 economic development plan shall contain findings that the
6 economic development project is reasonably expected to create
7 or retain not less than 250 full-time equivalent jobs, that
8 private investment in an amount not less than $50,000,000 is
9 reasonably expected to occur in the economic development
10 project area, that the economic development project will
11 encourage the increase of commerce and industry within the
12 State, thereby reducing the evils attendant upon unemployment
13 and increasing opportunities for personal income, and that the
14 economic development project will increase or maintain the
15 property, sales, and income tax bases of the county and of the
16 State.".