HB 1476-S - DIGEST

(DIGEST OF PROPOSED 1ST SUBSTITUTE)

     Declares that the purposes of the community empowerment zone act are to:  (1) Encourage reinvestment through strong partnerships and cooperation between all levels of government, community-based  organizations, area residents, and the private sector;

     (2) involve the private sector and stimulate private reinvestment through the judicious use of public resources;

     (3) target governmental resources to those areas of greatest need; and

     (4) include all levels of government, community individuals, organizations, and the private sector in the policy-making process.