Introduced by Sen. Aric Nesbitt (R) on June 9, 2021
To prohibit a state “strategic fund” bureau from using state money to finance or subsidize an “economic development project,” or provide a loan, grant, or other assistance to an economic development project, business or developer the fund violate a proposed interstate compact proposed by Senate Bill 524 that would ban on government subsidies to specific companies. Official Text and Analysis.
Referred to the Senate Economic and Small Business Development Committee on June 9, 2021