SB 1862 (2011) -  Economic Development

by Bennett
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: 07/01/2011
Last Event: 05/07/11 S Died in Commerce and Tourism, companion bill(s) passed, see CS/CS/SB 1346 (Ch. 2011-213) on Saturday, May 7, 2011 3:35 AM

Referred Committees and Committee Actions

Senate Referrals

  • Commerce and Tourism

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Commerce and Tourism, companion bill(s) passed, see CS/CS/SB 1346 (Ch. 2011-213) Time: 05/07/2011 - 3:35 AM Member: Committee: Version: __
Event: S Indefinitely postponed and withdrawn from consideration Time: 05/07/2011 - 12:01 AM Member: Committee: Version: __
Event: S Original reference(s) removed: Regulated Industries; Community Affairs; Budget Time: 03/23/2011 - 10:38 AM Member: Committee: Version: __
Event: S References corrected to Commerce and Tourism; Regulated Industries; Budget -SJ 269 Time: 03/23/2011 - 10:27 AM Member: Committee: Version: __
Event: S Now in Commerce and Tourism Time: 03/23/2011 - 10:25 AM Member: Committee: Version: __
Event: S Introduced -SJ 238 Time: 03/22/2011 - 5:28 PM Member: Committee: Version: __
Event: S Referred to Regulated Industries; Community Affairs; Budget -SJ 238 Time: 03/17/2011 - 8:44 AM Member: Committee: Version: __
Event: S Filed Time: 03/05/2011 - 9:49 AM Member: Committee: Version: __

Statutes Referenced by this Bill