AN ACT CONCERNING MARTIN LUTHER KING, JR. CORRIDORS.

This bill directs the state Banking Commissioner to officially designate seven specific areas as Martin Luther King, Jr. Corridors. The primary goal of these designated zones is to encourage both secured and unsecured lending within those communities. By amending existing state banking statutes, the law mandates this designation process to take effect on October 1, 2024. The legislation focuses on the administrative task of identifying these corridors rather than specifying which geographic locations will be selected.