(A) The purpose of this chapter is to allow public support of economic projects to foster, promote and enhance local economic development efforts while continuing to protect against the unauthorized use of public money and other public resources. Further, the purpose of the Economic Development Plan shall be to promote the establishment of any economic development projects that may qualify under the Act, and be approved by Valencia County, and any partner or partner under a joint power agreement if applicable.
(B) Local Economic Development Act. Valencia County shall have authority pursuant to this chapter and the Economic Development Plan to exercise the full powers permitted in the Act, except as specifically provided in this chapter.
(Ord. 2021-05, passed 12-1-2021)