LRBa0278/1
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January 2011 Special Session
2011 - 2012 LEGISLATURE
SENATE AMENDMENT 7,
TO SENATE BILL 6
January 26, 2011 - Offered by Senator Lassa.
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3"
238.08 Grants, awards, or loan. In determining whether to make a grant,
4award, or loan to any person for funding any project under an economic development
5program established by the board, the board shall consider all of the following:
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6(1) Whether the project serves a public purpose.
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7(2) Whether the project will retain or increase employment in this state.
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8(3) Whether the project might not occur without the grant, award, or loan.
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9(4) Whether financial support is available from another source on reasonably
10equivalent terms.
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11(5) The extent to which the project will be financed with funds not provided by
12this state.
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1(6) Whether funds from a grant, award, or loan will be used to pay overhead
2costs or to replace funds from another source.
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3(7) Whether the project will displace workers in this state.
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4(8) The extent to which the project will retain or increase the number of
5full-time jobs, as defined in s. 560.70 (2m), in this state.
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6(9) The extent to which the project will contribute to the economic growth of
7this state and the well-being of the residents of this state.
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8(10) Whether the project will be located in an area of high unemployment or
9low average income.
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10(11) The financial soundness of the eligible recipient.
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11(12) The intention of the eligible recipient to repay a grant, award, or loan.
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12(13) The economic condition of the community in which the project is proposed
13to occur.
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14(14) The potential of the project to promote the employment of minority group
15members.
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16(15) The potential of the project to promote businesses owned by women,
17minority group members, veterans, or disabled veterans.
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18(16) The potential of the project to promote the development of
19high-technology industry in this state.
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20(17) The potential of the project to promote the development of renewable
21energy technology industry in this state.
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22(18) The potential of the project to strengthen the state's traditional core
23industries or promote expansion of an emerging industry.
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1(19) Whether the project promotes the commercialization of research
2conducted at the state's colleges, universities, and research institutions.".
