House Sponsors: HOLBROOK-STEPHENS-GARRETT. Short description: 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 immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status