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Senate committee agrees to bill clarifying college partnerships with nonprofit economic-development groups
Summary
The Senate Economic Development Committee on March 20 agreed to a committee substitute for Senate Bill 8 25 that clarifies existing law allowing institutions of higher education to contract with nonstock, nonprofit corporations for economic development and job creation.
The Senate Economic Development Committee on March 20 agreed to a committee substitute for Senate Bill 8 25 that clarifies existing law allowing institutions of higher education to contract with nonstock, nonprofit corporations for economic development and job creation.
The committee substitute, explained by committee counsel, narrows the statute to specify that contracts with such nonprofit corporations are for the…
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