| Measure Title: | RELATING TO ECONOMIC DEVELOPMENT. |
| Report Title: | Small Business Loans |
| Description: | Authorizes the Department of Business, Economic Development, and Tourism (DBEDT) to make loans to small business with annual revenues less than $500,000 at a simple interest rate of three per cent below the prime rate or at a rate of five and one-half per cent a year, whichever is lower. Waives the requirement that an applicant be ineligible for any other financial assistance to qualify for a DBEDT loan if the proposed loan is a participation loan whereby the department's participation is not greater than eighty per cent of the loan amount. |
| Package: | Small Business Caucus |
| Companion: | |
| Introducer(s): | CHUN OAKLAND, IGE, Fukunaga, Aduja |
| Current Referral: | ECD, WAM |
| Date | Status Text | |
|---|---|---|
| 1/21/2003 | S | Introduced and passed First Reading. |
| 1/24/2003 | S | Referred to ECD, WAM. |
| 1/28/2003 | S | Senator Aduja is added as a co-sponsor pursuant to Senate rule 45. |
| 8/21/2003 | D | Carried over to 2004 Regular Session. |
$ = Appropriation measure
ConAm = Constitutional Amendment