Substitute for Raised S.B. No. 307
Session Year 2026


AN ACT CONCERNING THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT'S RECOMMENDATIONS FOR REVISIONS TO THE COMMERCE STATUTES AND PROHIBITING SCHOLARSHIP DISPLACEMENT FOR CERTAIN STUDENTS AT PUBLIC INSTITUTIONS OF HIGHER EDUCATION.

To implement the Department of Economic and Community Development's recommendations for revisions to the commerce statutes, including (1) removing references to certain Department of Economic and Community Development offices, (2) repealing or modifying certain reporting requirements, (3) repealing defunct programs, (4) addressing changes to federal funding, (5) revising the Manufacturing Innovation Fund Advisory Board membership and establishing a board absentee policy, (6) establishing a council absentee policy for the Tourism Council, (7) revising the name, charge and membership of the Minority Business Initiative Advisory Board and permitting the board to establish bylaws, (8) implementing certain revisions to the concentrated poverty statutes, and (9) rename the Small Business Express program and the small business express assistance account.


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