Introduced in the House on March 31, 2009, to give local governments the authority to borrow from the state or federal governments, and loan or give the money to private businesses for "economic development." Under current law they are authorized to loan or give away state or federal grant money, but not money they have borrowed from the state or federal governments
The vote was 105 in favor, 4 opposed and 1 not voting
(House Roll Call 0 at House Journal 0)
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