STATE ECON ASSISTANCE REFUND

Creates the State Economic Assistance Accountability Act. States the requirements for State economic assistance in the form of tax credits, tax exemptions, grants, and loans provided to business organizations by DCCA. Provides that such assistance must be based on a written incentive agreement, and requires that such an agreement contain certain provisions concerning the consequences of a business organization's failure to make the requisite level of capital investment or to create or retain the specified number of jobs within the specified time period. Provides that the Act applies to all State economic assistance given by DCCA on or after the Act's effective date. Effective immediately.