S664 - JMAC/ABC/Other Revisions. (SL 2025-65)

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Session Year 2025

Overview: Part I of S.L. 2025‑65 (Senate Bill 664) amends the law governing the Job Maintenance and Capital Development Fund (JMAC) to provide that a JMAC grant to a business that has qualified as a major employer will not be reduced for failing to maintain its required employment level unless the employment level falls short by more than 100 employees, at which point the grant will be reduced by 1% for every 1 employee more than 100 by which it falls short of the required employment level.

This Part became effective July 7, 2025, and applies to awards in effect on or after that date.