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Economic Development Authority readopts strategic infrastructure rules; lawmakers seek clarity on "commonly utilized assets"
Summary
The Economic Development Authority told the committee it rescinded and readopted its strategic infrastructure chapter pursuant to executive order; members asked for precise definitions and examples of projects funded under the program.
The Economic Development Authority (EDA) presented a readoption of its strategic infrastructure chapter (chapter 118) that rescinds duplicative language, incorporates a 2024 legislative change to the approval process and clarifies the role of a review committee.
The readoption matters because the strategic infrastructure program funds projects that create commonly utilized assets or physical infrastructure that provide advantage to private-sector…
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