BILL NUMBER: AB 325INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Wood FEBRUARY 13, 2015 An act to add Section 50832.2 to the Health and Safety Code, relating to economic development. LEGISLATIVE COUNSEL'S DIGEST AB 325, as introduced, Wood. Community Development Block Grant Program: funds. Existing law requires the Department of Housing and Community Development to allocate funds under the federal Community Development Block Grant Program to cities and counties. Existing law requires the department to determine, and announce in the applicable Notice of Funding Availability, the maximum amount of grant funds that may be used for economic development projects and programs, housing for persons and families of low or moderate income or for purposes directly related to the provision or improvement of housing opportunities for these persons and families, and for cities and counties that apply on behalf of certain Indian tribes. Existing law requires the department to develop and use certain eligibility criteria and requirements for certain economic development fund applications. This bill would require the department, no later than 60 days from when the department receives an economic development fund application, to inform the applicant of the decision to approve or deny the application and the reasons for a denial of this application. Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 50832.2 is added to the Health and Safety Code, to read: 50832.2. The department shall, no later than 60 days from when the department receives an application for funds for economic development projects and programs, inform an applicant of the decision to approve or deny an application for these funds and the reasons for a denial of the application.