Series of economic development bills includes increase in bonding authority under Business Investment Act, Small Enterprise Development Act. Funding for tourism. New programs to assist development of small business, provide inducements to new industries . Bonds for fairgrounds projects. Major overhaul of laws dealing with product liability lawsuits and award of punitive changes, hailed as important tool for business and industrial expansion.
Old law contains ceiling on damage awards.
Retirement benefits fully exempt from state income tax for all retirees, starting in 1994.