Senate Bill No. 1258 mandates the Commissioner of Economic and Community Development to conduct a study on economic development issues within the state. The bill requires the commissioner to submit a report detailing the findings of this study to the joint standing committee of the General Assembly that oversees commerce by January 1, 2026. This new requirement is inserted as Section 1 of the bill, which will take effect upon passage.

The bill does not impose any fiscal impact on the state or municipalities, as it is anticipated that the Department of Economic and Community Development (DECD) can carry out the study using existing resources. There are no specific requirements outlined for the content of the study, allowing DECD flexibility in its execution. The bill was reported favorably by the Commerce Committee with a vote of 19 in favor and 1 against.