SF0015 Large project account modifications.
Sponsored by: Joint Minerals, Business & Economic Development Interim Committee
AN ACT relating to economic development; providing standards for the state treasurer to set interest rates for specified loans and loan participations made from the large project account; authorizing the state treasurer to require a loan guarantee from the principal of a borrower; authorizing the state treasurer to retain service providers for large project account loans; requiring a borrower to pay specified costs relating to retained experts and service providers; clarifying language relating to the economic analysis requirement for certain economic development projects; and providing for an effective date.
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