SB2840 Summary

• Changes enterprise zone application scoring from a scale-based system (awarding points based on extent of criteria met) to a fixed-point system where applicants receive specific point values if they meet or exceed each criterion.

• Establishes a mandatory approval threshold of at least 200 points, requiring the Enterprise Zone Board to approve any application reaching this score, except for zones previously decertified for cause.

• Adds a new scoring category (item 11) awarding 50 points to current or former enterprise zones demonstrating progress in addressing the criteria in their most recent approved application.

• Allows the Board to approve previously decertified zones if it determines the issues that caused decertification have been corrected.

• Applies the changes to all applications filed with the Department or Board on or after the bill's effective date, which is immediately upon becoming law.