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. The new legal language introduced in this bill includes the establishment of this study as a new section of law, while no existing legal language is deleted.

The fiscal impact of the bill is projected to be negligible, as it does not impose any specific requirements for the study, allowing the Department of Economic and Community Development to utilize existing resources to complete the task. Consequently, both state and municipal impacts are expected to be none, as the study can be conducted without additional funding or resources. The bill received a favorable report from the Commerce Committee, with a vote of 19 in favor and 1 against.