Establishes a rural community endowment fund and committee to award grants for rural development projects.
The bill creates a rural community endowment fund and a committee to manage it. The fund will receive moneys from the legislative assembly and donations. The committee will award grants to support projects in rural communities, focusing on long-term prosperity, independence, safety, health, and quality of life. The Department of Commerce will administer the fund and report annually on its status. The fund's principal cannot be spent, only the interest earned.
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- Core Provisions
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- Critical Issues
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