92nd General Assembly
Status of SB0603
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LAUZEN-WELCH-OBAMA.

(FRANKS-DELGADO)

   New Act                                                                     

        Creates the State Economic Assistance Refund Act.  Provides  that      
   if a business organization receives State economic assistance and then      
   closes  a  facility  at  which it does business in this State not more      
   than 5 years after receiving the  assistance,  the  organization  must      
   repay  to  the State the full amount of State economic assistance that      
   it received.  If the organization closes a facility more that 5  years      
   but  not  more  than  10  years  after  receiving  the assistance, the      
   organization must repay  to  the  State  50%  of  the  State  economic      
   assistance  that  it  received.   No  repayment  is  required  if  the      
   organization  closes a facility more than 10 years after receiving the      
   assistance.  Effective immediately.                                         
        SENATE AMENDMENT NO. 1.                                                
        Deletes everything after the enacting clause.  Creates the  State      
   Economic  Assistance  Accountability Act.  States the requirements for      
   State economic assistance in the form of tax credits, tax  exemptions,      
   grants,   and  loans  provided  to  business  organizations  by  DCCA.      
   Provides that such assistance must be based  on  a  written  incentive      
   agreement,  and  requires  that  such  an  agreement  contain  certain      
   provisions  concerning  the  consequences of a business organization's      
   failure to make the requisite level of capital investment or to create      
   or retain the specified number  of  jobs  within  the  specified  time      
   period.    Provides  that  the  Act  applies  to  all  State  economic      
   assistance given by  DCCA  on  or  after  the  Act's  effective  date.      
   Effective immediately.                                                      
   FEB-21-2001  S  FIRST READING                                                  
   FEB-21-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               COMM & INDUST         
   MAR-08-2001  S                                 POSTPONED                       
   MAR-22-2001  S                                 POSTPONED                       
   MAR-29-2001  S                             AMENDMENT NO. 01-COMM & INDUS  S    
   MAR-29-2001  S                                   ADOPTED                       
   MAR-29-2001  S       DO PASS AS AMENDED                  008-000-001   SCED    
   MAR-29-2001  S  PLACED ON CALENDAR ORDER OF 2ND READING  01-03-30              
   APR-03-2001  S  SECOND READING                                                 
   APR-03-2001  S  PLACED ON CALENDAR ORDER OF 3RD READING  01-04-04              
   APR-04-2001  S  ADDED AS A CHIEF CO-SPONSOR              WELCH                 
   APR-05-2001  S  ADDED AS A CHIEF CO-SPONSOR              OBAMA                 
   APR-05-2001  S  THIRD READING - PASSED                   057-000-000           
   APR-05-2001  H  ARRIVE IN HOUSE                                                
   APR-05-2001  H  HOUSE SPONSOR                            FRANKS                
   APR-05-2001  H  FIRST READING                                                  
   APR-05-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   APR-06-2001  H       ASSIGNED TO COMMITTEE               COMM BUSS DEV         
   APR-19-2001  H  DO PASS/STANDARD DEBATE                  009-000-000   HCBD    
   APR-19-2001  H  PLACED CAL 2ND READING-STANDARD DEBATE                         
   APR-19-2001  H  ADDED AS AN ALTERNATE CO-SPONSOR         SCULLY                
   APR-19-2001  H  ADDED AS AN ALTERNATE CO-SPONSOR         FLOWERS               
   APR-19-2001  H  ADDED AS A JOINT SPONSOR                 DELGADO               
   APR-24-2001  H  SECOND READING-STANDARD DEBATE                                 
   APR-24-2001  H  PLCD CAL ORDER 3RD READING-STNDRD DEBATE                       
   APR-25-2001  H  ADDED AS AN ALTERNATE CO-SPONSOR         SCULLY                
   APR-25-2001  H  ADDED AS AN ALTERNATE CO-SPONSOR         FLOWERS               
   APR-25-2001  H  THIRD READING/STANDARD DEBATE/PASS       102-011-000           
   APR-25-2001  S  PASSED BOTH HOUSES                                             
   MAY-24-2001  S  SENT TO THE GOVERNOR                                           
   JUL-12-2001  S  GOVERNOR VETOED                                                
   NOV-07-2001  S  PLACED CALENDAR TOTAL VETO               NOVEMBER 13, 2001     
   NOV-15-2001  S  MOTION FILED OVERRIDE GOVERNOR VETO      LAUZEN                
   NOV-15-2001  S                         3/5 VOTE REQUIRED                       
   NOV-15-2001  S  OVERRIDE GOVERNOR VETO - SENATE LOST     031-023-001           
   NOV-15-2001  S  TOTAL VETO STANDS                                              

   END OF INQUIRY 



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