CS/CS/HB 1387: State Economic Development Contracts
GENERAL BILL by Commerce Committee ; Housing, Agriculture & Tourism Subcommittee ; Overdorf
State Economic Development Contracts; Provides short title; defines; requires employer to sign agreement with Department of Commerce before becoming eligible for economic development incentive; specifies provisions of agreement; provides applicability; authorizes persons & entities to report suspected violation to department within specified timeframe; requires department to determine whether violation has occurred; requires department to deliver written notice to Attorney General; requires Attorney General to request certain information from employer alleged to be in violation; requires Attorney General to initiate proceedings to recover funds awarded to employer if employer is found to have violated agreement; provides that department's findings are final; requires department to execute separate written agreement with recipient of economic development incentive before department awards incentive; specifies contents of separate agreement; provides effective periods of separate agreement.
Last Action: 2/26/2026 House - Added to Second Reading Calendar
Bill Text: PDF
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Bill History
Date Chamber Action 1/9/2026 House • Filed
1/13/2026 House • 1st Reading (Original Filed Version)
1/15/2026 House • Referred to Housing, Agriculture & Tourism Subcommittee
• Referred to Transportation & Economic Development Budget Subcommittee
• Referred to Commerce Committee
• Now in Housing, Agriculture & Tourism Subcommittee
2/3/2026 House • Added to Housing, Agriculture & Tourism Subcommittee agenda
2/5/2026 House • Favorable with CS by Housing, Agriculture & Tourism Subcommittee
2/6/2026 House • Reported out of Housing, Agriculture & Tourism Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
2/9/2026 House • 1st Reading (Committee Substitute 1)
• Referred to Transportation & Economic Development Budget Subcommittee
• Referred to Commerce Committee
• Now in Transportation & Economic Development Budget Subcommittee
2/10/2026 House • Added to Transportation & Economic Development Budget Subcommittee agenda
2/12/2026 House • Favorable by Transportation & Economic Development Budget Subcommittee
• Reported out of Transportation & Economic Development Budget Subcommittee
• Now in Commerce Committee
2/20/2026 House • Added to Commerce Committee agenda
2/24/2026 House • Favorable with CS by Commerce Committee
2/25/2026 House • Reported out of Commerce Committee
• Laid on Table under Rule 7.18(a)
• CS Filed
• Bill referred to House Calendar
• 1st Reading (Committee Substitute 2)
2/26/2026 House • Added to Second Reading Calendar
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CS/CS/HB 1387, Committee Substitute 2 (Current Bill Version) Posted 2/25/2026 at 1:18 PM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1236 Employers Receiving Economic Development Incentives from State Agencies Massullo Similar Last Action: 2/4/2026 S Now in Governmental Oversight and Accountability 
Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 288.0615 Page 3 (pdf) -
CS/HB 1387, Committee Substitute 1 Posted 2/6/2026 at 9:28 AM
Bill Text: PDF Analyses: Transportation & Economic Development Budget Subcommittee (Post-Meeting) 2/12/2026 (pdf)
Commerce Committee (Post-Meeting) 2/25/2026 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1236 Employers Receiving Economic Development Incentives from State Agencies Massullo Similar Last Action: 2/4/2026 S Now in Governmental Oversight and Accountability
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 237511 - Amendment
Remove lines 113-151 and insert:Overdorf 2/23/2026
5:01 PMAdopted
2/25/2026PDF Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 288.0615 Page 4 (pdf) -
HB 1387, Original Filed Version Posted 1/9/2026 at 1:12 PM
Bill Text: PDF Analyses: Housing, Agriculture & Tourism Subcommittee (Post-Meeting) 2/6/2026 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1236 Employers Receiving Economic Development Incentives from State Agencies Massullo Similar Last Action: 2/4/2026 S Now in Governmental Oversight and Accountability
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 419727 - Strike All Amendment
Remove everything after the enacting clause and insert:Overdorf 2/4/2026
3:46 PMAdopted without Objection
2/5/2026PDF Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 288.0615 Page 3 (pdf)