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Committee advances SB 69 with amendments extending Rural Opportunity Zone benefits and adding optional local program choices
Summary
The committee voted to adopt amendments to Senate Bill 69 extending eligibility for Rural Opportunity Zone incentives, adding down payment assistance and childcare reimbursement as optional county-level benefits alongside student loan repayment, and expanding residency eligibility; the committee then passed the bill favorably as amended.
Senate Bill 69, which concerns Rural Opportunity Zones, was amended and advanced out of committee after senators approved two substantive changes: (1) authorizing county-level program options beyond student loan repayment to include down payment assistance and childcare reimbursement, and (2) expanding eligibility by changing a residency requirement from two years to three years for qualifying movers to eligible counties. The committee then passed the bill favorably as amended.
Overview and rationale: Amelia, the committee staff, reminded members that SB 69 would extend by five years the time period for eligibility for the student loan…
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