The board shall adopt rules necessary to carry out the provisions of the Opportunity Enterprise and Housing Development Act to:

1. A. establish procedures for applying and qualifying for enterprise assistance and housing development assistance;
2. B. establish economic development goals in consultation with the department;
3. C. govern the application procedures and requirements for enterprise assistance and housing development assistance;
4. D. determine how to select and prioritize applications for enterprise assistance to be recommended to the authority;
5. E. prioritize projects that are in political subdivisions that are implementing zoning reforms that support housing development projects;
6. F. determine how to select and prioritize applications for housing development assistance to be recommended to authority; and
7. G. provide safeguards to protect public money and other public resources subject to the Opportunity Enterprise and Housing Development Act.

History: Laws 2022, ch. 57, § 7; 2024, ch. 8, § 6.

ANNOTATIONS

The 2024 amendment, effective May 15, 2024, made conforming amendments due to the Opportunity Enterprise Act's name change to the Opportunity Enterprise and Housing Development Act, and included in the opportunity enterprise and housing development review board's rulemaking authority to include the authority to adopt rules related to housing development projects; in the introductory clause, after "Opportunity Enterprise" added "and Housing Development"; after "enterprise assistance" added "and housing development assistance" throughout the section; in Subsection D, after "enterprise assistance to be" deleted "funded by" and added "recommended to"; and added new Subsections E and F and redesignated former Subsection E as Subsection G.