DISTRESSED COMMUNITIES GRANT
Synopsis of Bill as introduced:
Amends the Environmental Protection Act. Authorizes the Director
of Commerce and Community Affairs to issue a Distressed Communities
and Industries Grant to any entity for the purpose of paying the
allowable costs needed to cause an eligible remediation project to
occur. Amends the State Finance Act to create the Distressed
Communities and Industries Grant Fund. Requires the affected
Departments to propose rules. Effective immediately.
FISCAL NOTE (Department of Commerce and Community Affairs)
The fiscal impact of HB 439 on the Department would be $10
million for grants and $226,300 for administrative costs.
HOUSE AMENDMENT NO. 1.
Deletes everything. Reinserts the bill as introduced but changes
the agency administering the grant funds from the Department of
Commerce and Community Affairs to the Environmental Protection Agency.
Removes language that the fund is intended to provide $10,000,000
annually for grants and inserts language about the establishment of
and use of moneys in the Distressed Communities Grant Fund. Effective
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0
END OF INQUIRY
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