Introduced by Rep. Terry Brown D- on March 6, 2008
To revise the law that authorized borrowing $400 million against future tobacco lawsuit settlement revenue for the “21st Century Jobs Fund” business subsidy program, so as to refinance some of the existing debt, reissue some of the debt as tax-exempt bonds, and borrow more money against this revenue source to pay for the $60 million in tourism industry promotion subsidies proposed by House Bill 5865. Official Text and Analysis.
Referred to the House Natural Resources, Tourism, and Outdoor Recreation Committee on March 6, 2008
Reported in the House on March 11, 2008
Without amendment and with the recommendation that the bill pass.