AN ACT relating to economic development; requiring the appointment of certain temporary members to the Board of Economic Development for the limited purpose of considering certain applications for transferable tax credits, tax abatements and partial tax abatements; requiring the Office of Economic Development to notify certain entities upon receipt of an application for transferable tax credits, a tax abatement or a partial tax abatement for a business or project in certain rural counties; requiring the Board to be the entity that approves certain applications for transferable tax credits, a tax abatement or a partial tax abatement; and providing other matters properly relating thereto.