HB 3099
Allocates lottery moneys for distribution to the economic development districts in Oregon to be used to receive federal matching grants awarded by the United States Economic Development Administration.
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Support
100%
Oppose
0%
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
House Bill 3099 directs Oregon to use lottery funds to support economic development districts across the state. Specifically, the bill allocates $1,680,000 over two years, distributing $70,000 to each of the 12 economic development districts. These districts can then use the funds to apply for and receive matching grants from the U.S. Economic Development Administration. An emergency declaration allows the bill to take effect immediately upon passage.
Key provisions
- Allocates $1,680,000 from the Administrative Services Economic Development Fund.
- Distributes $70,000 per year to each of the 12 economic development districts.
- Funds are intended to help districts secure federal matching grants.
- The U.S. Economic Development Administration is the target for the matching grants.
- The bill includes a declaration of emergency, allowing it to take effect immediately.
Who is affected
- Economic Development Districts in Oregon
- The State of Oregon
- The U.S. Economic Development Administration
- Oregon Residents (through potential economic development projects)
Notable changes
- The bill provides dedicated funding for economic development districts to pursue federal grants.
- It establishes a specific funding mechanism using lottery revenues.
- The emergency declaration allows for immediate implementation.
Sponsors
Official sponsors from legislative records.
Primary sponsors
Cosponsors
Arguments in favor
Reasons to support this legislation.
Supporters of HB 3099 believe that the proposed legislation represents a modest yet crucial investment in the vital work of Economic Development Districts (EDDs) statewide. These districts play a pivotal role in revitalizing and strengthening local communities through targeted investments, fostering economic growth and development. By providing necessary funding, the bill aims to bolster EDDs' capacity to address regional disparities and promote inclusive economic opportunities, ultimately benefiting rural and underserved areas that often lag behind urban centers in terms of economic mobility and access to resources.
Source: Testimony Summaries
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