HB 1675 Summary

• Appropriates $360,000 from the General Improvement Fund to the Economic Development Commission for grants to cities, counties, planning and development districts, and other eligible entities.

• Funds may be used for land acquisition, construction, renovation, equipment purchases, industrial site development, intermodal facilities, rail spur construction, road and highway improvements, environmental mitigation, and water and sewer system construction.

• Allows the Economic Development Commission to adopt new rules and regulations to implement the appropriations without restriction by requirements applicable to other programs.

• Permits entities receiving funds to supplement state appropriations with grants, donations, Federal funds, and unobligated cash income for project financing.

• Declares an emergency effective date of July 1, 2011, citing the one-year limitation on appropriations under the Arkansas Constitution.