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Committee approves framework allowing colleges to create economic development districts with local approval and a legislative seat
Summary
SB 374 would create a permissive statutory framework for college and university economic development districts; an amendment to allow a legislator appointed jointly by chamber leaders to serve on each district board was adopted before the bill was reported with amendments.
Sen. Cathy presented SB 374, a bill that would create a uniform, permissive framework enabling colleges and universities to establish campus economic development districts (EDDs) with local governing‑authority approval. Sponsor said the bill does not unilaterally create districts but supplies a single statutory template so individual institutions…
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