Concerns financial powers and responsibilities of Capital City Redevelopment Corporation.*

S 4388 authorizes the Capital City Redevelopment Corporation (CCRC) to issue grants for projects in the Capital City District, expanding its financial tools beyond loans. The bill removes a requirement that 65% of funds must be recovered through repayment, allowing the CCRC to set more flexible terms for project financing. This change directly affects the CCRC's ability to fund redevelopment projects without the previous repayment mandate, aiming to improve program attractiveness for local businesses and organizations.