LD 492 LR 355(05)
An Act To Create a Regional Grant Program To Help Rural Businesses Find Qualified Staff
Fiscal Note for Bill as Engrossed with:
C "A" (S-74)
S "A" (S-373) to C "A" (S-74)
Committee: Innovation, Development, Economic Advancement and Business
Fiscal Note
FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Net Cost (Savings)
General Fund $200,000 $200,000 $0 $0
General Fund $200,000 $200,000 $0 $0
Other Special Revenue Funds $500 $500 $500 $500
Fiscal Detail and Notes
The bill includes one-time General Fund appropriations of $200,000 in fiscal year 2021-22 and in fiscal year 2022-23 to a newly created Rural Workforce Recruitment and Retention Grant Fund within the Department of Economic and Community Development to provide grants for local economic development initiatives in rural regions of the State. The bill also includes Other Special Revenue Funds base allocations of $500 per year beginning in fiscal year 2021-22 to authorize the expenditure of any funds received for the program from outside sources.