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SB 1442: Black Business Loan Program

GENERAL BILL by Braynon

Black Business Loan Program; Revising the recertification and audit periods for eligible recipients of the Black Business Loan Program; authorizing existing recipients to submit certain information to the Department of Economic Opportunity instead of financial audits under certain circumstances; authorizing recipients to redress audit findings within a specified period; providing term of and revising requirements for funding agreements between recipients and the department; revising the entities with whom the department must consult before adopting rules; revising limits on the use of funds for technical support to black business enterprises and direct administrative costs, etc.

Effective Date: 7/1/2012
Last Action: 3/9/2012 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
Senate Committee References:
  1. Commerce and Tourism (CM)
  2. Budget (BC)

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  • Bill History

    Date Chamber Action
    1/4/2012 Senate • Filed
    1/13/2012 Senate • Referred to Commerce and Tourism; Budget -SJ 154
    • Introduced -SJ 154
    3/9/2012 Senate • Died in Commerce and Tourism

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  • SB 1442, Original Filed Version (Current Bill Version) Posted 1/4/2012 at 12:53 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 255 Black Business Loan Program Bernard Identical Last Action: 3/9/2012 H Died in Business and Consumer Affairs Subcommittee
    Location: In committee/council (BCAS)

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    288.7094 Black business investment corporations. Page 5 (pdf)
    288.7102 Black Business Loan Program. Page 1 (pdf)

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