17may01...1159h

2001 SESSION

01-0953

05/10

SENATE BILL 57

COMMITTEE: Energy & Economic Development

AMENDED ANALYSIS

This bill permits organizations that promote new businesses or encourage workforce recruitment efforts to participate in the economic development matching grants program. The bill also allows grant recipients to use the funds for workforce recruitment efforts and related travel costs.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

17may01...1159h

01-0953

05/10

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand One

Be it Enacted by the Senate and House of Representatives in General Court convened:

125:1 Economic Development Matching Grants Program; Organizations Added. Amend RSA 12-A:32, I to read as follows:

I. The department of resources and economic development shall administer an economic development matching grants program in cooperation with a program screening committee. The funds appropriated for this program shall be expended for grants for programs entered into by municipalities [and], counties, and organizations which are designed to promote the location of new businesses in the state of New Hampshire or to encourage workforce recruitment efforts.

125:2 Economic Development Matching Grants Program; Organizations Added. Amend RSA 12-A:32, V to read as follows:

V. Funds appropriated to the program shall only be made available to municipalities [and], counties, and organizations as may be certified by the screening committee with the approval of the commissioner of the department of resources and economic development.

125:3 Economic Development Matching Grants Program; Workforce Recruitment and Travel Added. Amend RSA 12-A:32, VI to read as follows:

VI. Grant awards shall require 50 percent matching funds from other sources. Grants shall not be used for the administrative salaries or overhead expenses of any applicant selected for a grant. Grants may be used for workforce recruitment efforts and related travel costs.

125:4 Economic Development Matching Grants Program Rulemaking; Organizations Added. Amend RSA 12-A:32, IX(b) to read as follows:

(b) The procedures and criteria used to certify municipalities [and], counties, and organizations eligible for matching grants.

125:5 Effective Date. This act shall take effect 60 days after its passage.

(Approved: June 28, 2001)

(Effective Date: August 27, 2001)