HB 1476 -- Economic Development Grant Program

Sponsor:  Hughes

This bill establishes the Economic Development Grant Program to
be administered by the Department of Economic Development.
Moneys deposited into the grant program from state appropriations
or any gifts, bequests, or donations will be used by a company to
reopen a manufacturing factory that has been closed.  The
department will develop a procedure for a company to apply for
the grant.  If appropriations are insufficient to fund all
grants, each award will be reduced pro rata as necessary.

The provisions of the bill will expire six years from the
effective date.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:11 pm