HB 807: Florida Microfinance Act
GENERAL BILL by Pritchett
Florida Microfinance Act; Revises Microfinance Loan Program & Microfinance Guarantee Program; revises legislative intent & conforms terminology; provides that EFI rather than DEO is responsible for entering into funding agreements with loan administrators; revises loan administrator qualifications & contracting requirements; authorizes microloan interest charges & fees; revises loan administrator fees; revises microloan eligibility; revises requirements for administrative contract between DEO & EFI; revises eligibility & terms for loan guarantees; authorizes surety bond guarantees; revises annual reporting requirements; revises timeline for report by EDR.
Effective Date: 7/1/2016
Last Action: 3/11/2016 House - Died in Economic Development and Tourism Subcommittee
Bill Text: PDF
Last Action: 3/11/2016 House - Died in Economic Development and Tourism Subcommittee
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 11/30/2015 | House |
• Filed |
| 12/10/2015 | House |
• Referred to Economic Development and Tourism Subcommittee; Transportation and Economic Development Appropriations Subcommittee; Economic Affairs Committee -HJ 70 |
| 1/12/2016 | House |
• Introduced -HJ 70 |
| 3/11/2016 | House |
• Died in Economic Development and Tourism Subcommittee |
