Concerns financial powers and responsibilities of Capital City Redevelopment Corporation.*

Subsection y of Section 5 was changed from 'To directly issue grants to projects' to 'To directly issue loans and grants to projects,' explicitly adding loan-issuing authority that was not in the introduced version.

The bill's explanatory statement, which detailed the rationale for removing the 65 percent recovery requirement and explaining the need for grant authority, was removed from the reprint version.

A new section (Section 11) establishes a nonlapsing, revolving fund called the Capital City Redevelopment Loan and Grant Fund. The fund can be invested and reinvested, and net earnings must be used only for the fund's purposes.

The original provision allowing 'any other moneys made available to the corporation from any source or sources' as a fund source was removed. The new fund is limited to three sources: legislative appropriations, loan repayments funded from the fund, and investment income or interest.

Multiple instances of 'moneys' were changed to 'monies' and 'such' was changed to 'that' in several subsections. These are stylistic/technical corrections with no substantive policy effect.