SB 488
Establishes the Economic Distress Zone Fund
Sponsor:
May
LR Number:
2276S.01I
Committee:
Last Action:
2/9/2021 - S First Read
Journal Page:
Title:
Calendar Position:
88
Effective Date:
August 28, 2021

Current Bill Summary

SB 488 - This act creates provisions relating to funding certain organizations that help deter criminal behavior.

This act establishes the "Economic Distress Zone Fund" which shall be a fund used solely by the Department of Public Safety to provide funding to organizations registered with the IRS as a 501(c)(3) corporation that provide services to residents of the state in areas of high incidents of crime and deteriorating infrastructure, as defined in the act, for the purpose of deterring criminal behavior in such areas. If money appropriated to the fund exceeds $3 million dollars, excluding any money made available by gift or otherwise, such money shall revert to general revenue.

This provision shall sunset on August 28, 2024.

This act is identical to SCS/SB 57 (2021) and substantially similar to SB 986 (2020).

MARY GRACE BRUNTRAGER

Amendments

No Amendments Found.