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HB 255: Black Business Loan Program

GENERAL BILL by Bernard ; (CO-INTRODUCERS) Abruzzo

Black Business Loan Program; Revises recertification & audit periods for eligible recipients of Black Business Loan Program; authorizes existing recipients to submit certain information to Department of Economic Opportunity (DEO) instead of financial audits; authorizes recipients to redress audit findings within specified period; provides term of & revising requirements for funding agreements between recipients & office; revises entities with whom DEO must consult before adopting rules; revises limits on use of funds for technical support to black business enterprises & direct administrative costs.

Effective Date: 7/1/2012
Last Action: 3/9/2012 House - Died in Business and Consumer Affairs Subcommittee
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
10/4/2011 House • Filed
10/17/2011 House • Referred to Business and Consumer Affairs Subcommittee; Transportation and Economic Development Appropriations Subcommittee; Economic Affairs Committee -HJ 26
1/10/2012 House • Introduced -HJ 26
3/9/2012 House • Died in Business and Consumer Affairs Subcommittee