Plain English Breakdown
The official source confirms the spending limit and income cap but provides no details on specific benefits or start dates.
SB00033: Learn Here, Live Here Program
This bill requires the state to create a new program called 'Learn Here, Live Here' with an annual spending limit of $5 million for people earning up to $75,000.
What This Bill Does
- Requires the Commissioner of Economic and Community Development to establish the Learn Here, Live Here program.
- Sets a maximum yearly budget of five million dollars for this program.
- Limits who can join by setting an income rule based on federal adjusted gross income.
Who It Names or Affects
- The Commissioner of Economic and Community Development
- Individuals with an annual federal adjusted gross income of $75,000 or less
Terms To Know
- Annual expenditure
- The total amount of money the program is allowed to spend in one year.
- Federal adjusted gross income
- A person's yearly earnings after certain deductions, as reported on their federal tax return.
Limits and Unknowns
- The bill does not explain what services or benefits the program will provide.
- The text does not state when the program must begin operations.
- It is unclear how many people can join if more than five million dollars are needed.