The proposed bill, General Assembly Proposed Bill No. 6785, aims to establish a revolving loan fund within the Department of Economic and Community Development. This fund is intended to provide financial assistance through municipalities and nonprofit organizations for the development of commercial storefronts across the state.

The bill introduces new legal language to create this revolving loan fund, which is designed to support economic growth by enhancing commercial spaces. There are no deletions from current law mentioned in the text, indicating that this is a new initiative rather than a modification of existing statutes. The overall purpose of the bill is to facilitate the development of commercial storefronts, thereby promoting local businesses and community development.