This legislation is significant as it broadens the scope of projects in which the Economic Development Department can participate. It enables participation in municipal areas with smaller populations, which may have previously been excluded from certain economic development opportunities. This could lead to increased investment in under-developed areas, assisting in job creation and providing necessary infrastructure improvements. The structured agreements also ensure accountability from participating entities, protecting public investment and promoting successful project completion.
Summary
House Bill 374, introduced during the First Session of the 56th Legislature of New Mexico, seeks to amend municipal population requirements for specific economic development projects. The bill allows the Economic Development Department to engage more broadly with local and regional governments in such projects, streamlining the participation process and emphasizing projects that promise job creation and economic growth. By guiding how public support can be exchanged for contributions from qualifying entities, the bill aims to bolster local economies.
Contention
Notably, discussions surrounding HB 374 might evoke concerns regarding the feasibility and effectiveness of encouraging economic development in smaller municipalities. Critics may argue that the emphasis on economic growth and job creation could overlook the potential needs or challenges faced by smaller communities. The bill's proponents generally view it as a proactive step to foster local economies, while opponents might highlight the need for cautious implementation to ensure that smaller towns do not become overshadowed by larger urban areas in the pursuit of economic benefits.
To Amend The Definition Of "economic Development Projects" Under Arkansas Constitution, Article 12, § 5; And To Establish Requirements For Retail Facilities That Qualify As Economic Development Projects.
Permits business entities and nonprofit organizations to adopt certain responsibilities related to stormwater management basins; provides corporation business tax credit for adoption of stormwater management basins in certain watersheds.
Permits business entities and nonprofit organizations to adopt certain responsibilities related to stormwater management basins; provides corporation business tax credit for adoption of stormwater management basins in certain watersheds.
Health occupations: health professionals; practice agreements for physician’s assistants; modify to include physician- or podiatrist-led patient care teams under certain circumstances and expand to include advanced practice registered nurses. Amends secs. 16221, 17001, 17047, 17049, 17201, 17211a, 17214, 17501, 17547, 17549, 18001, 18047, 18049, 20174 & 20201 of 1978 PA 368 (MCL 333.16221 et seq.) & adds secs. 17217 & 17217a.