Text to be removed highlighted in red.
1 New Section; Business Finance Authority; Annual Grants to Regional Economic Development Corporations. Amend RSA 162-A by inserting after section 7-a the following new section:
162-A:7-b Annual Grants to Regional Economic Development Corporations. The sum of $200,000 is hereby appropriated annually to the authority for the purpose of providing equal grants to regional economic development corporations in furtherance of the objectives set forth in RSA 162-A:1. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated. Funds appropriated to the authority under this section shall be excluded from the repayment provisions of RSA 162-A:30.
2 Prospective Repeal; 2033. RSA 162-A:7-b, relative to annual grants to regional economic development corporations, is repealed.
3 Effective Date.
I. Section 2 of this act shall take effect June 30, 2033.
II. The remainder of this act shall take effect July 1, 2023.
Text to be added highlighted in green.
1 New Section; Business Finance Authority; Annual Grants to Regional Economic Development Corporations. Amend RSA 162-A by inserting after section 7-a the following new section:
162-A:7-b Annual Grants to Regional Economic Development Corporations. The sum of $200,000 is hereby appropriated annually to the authority for the purpose of providing equal grants to regional economic development corporations in furtherance of the objectives set forth in RSA 162-A:1. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated. Funds appropriated to the authority under this section shall be excluded from the repayment provisions of RSA 162-A:30.
2 Prospective Repeal; 2033. RSA 162-A:7-b, relative to annual grants to regional economic development corporations, is repealed.
3 Effective Date.
I. Section 2 of this act shall take effect June 30, 2033.
II. The remainder of this act shall take effect July 1, 2023.