Tuesday, April 27, 2010

The Colorado State Legislature has the right idea.

HOUSE SPONSORSHIP
Pace, Ferrandino, Frangas, Gagliardi, Labuda, Hullinghorst, Levy, Pommer

SENATE SPONSORSHIP
Carroll M.,

The bill requires any entity that receives public moneys for the
purpose of economic development to file an annual report, along with a
filing fee, to the Colorado economic development commission
(commission). The also bill specifies the contents of the report and
requires the commission to include any reports received in its annual presentation to the general assembly.
If the commission finds, in its discretion, that a recipient of an
economic incentive has not complied with the requirements of the
incentive, the commission has the authority to recapture any public
moneys expended on the economic incentive.

...(I) A STATEMENT OF THE NUMBER OF JOBS CREATED BY THE RECIPIENT;...