Directs the Department of Economic Development to provide technical assistance to municipalities affected by college or university closures.
The bill mandates the Department of Economic Development to offer technical assistance to municipalities where a college or university has closed. This assistance includes workforce transition and development, attracting new employers, developing plans for former college or university land and buildings, and recommendations for dealing with creditors and other financial stakeholders. The state will not become a party to any legal proceedings related to this assistance.
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