SB 1862: Economic Development
GENERAL BILL by Bennett
Economic Development; Creates the Business Loan Guarantee Program. Requires the Office of Tourism, Trade, and Economic Development to create a business loan guarantee fund to provide loans to certain businesses. Provides for use of certain funds for the program. Provides maximum terms and amounts of loan guarantees. Provides procedures for the approval of loan guarantee applications. Requires application fees. Provides procedures for the payment of loan guarantees to cover investment losses. Prohibits disbursement of moneys for investment losses under certain circumstances, etc.
Effective Date: 7/1/2011
Last Action: 5/7/2011 Senate - Died in Commerce and Tourism, companion bill(s) passed, see CS/CS/SB 1346 (Ch. 2011-213)
Bill Text: Web Page | PDF
Last Action: 5/7/2011 Senate - Died in Commerce and Tourism, companion bill(s) passed, see CS/CS/SB 1346 (Ch. 2011-213)
Bill Text: Web Page | PDF
Senate Committee References:
- Commerce and Tourism (CM)
- Regulated Industries (RI)
- Budget (BC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 3/5/2011 | Senate |
• Filed |
| 3/17/2011 | Senate |
• Referred to Regulated Industries; Community Affairs; Budget -SJ 238 |
| 3/22/2011 | Senate |
• Introduced -SJ 238 |
| 3/23/2011 | Senate |
• Original reference(s) removed: Regulated Industries; Community Affairs; Budget • References corrected to Commerce and Tourism; Regulated Industries; Budget -SJ 269 • Now in Commerce and Tourism |
| 5/7/2011 | Senate |
• Indefinitely postponed and withdrawn from consideration • Died in Commerce and Tourism, companion bill(s) passed, see CS/CS/SB 1346 (Ch. 2011-213) |
