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2001 SESSION

• | print version

HB 2426 Capital Access Fund for Disadvantaged Businesses.

Introduced by: Jerrauld C. Jones | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Capital Access Fund for Disadvantaged Businesses. Conforms provisions of the use of the Capital Access Fund for Disadvantaged Businesses to the Virginia Small Business Growth Fund. As amended, moneys in the Capital Access Fund shall be used to match deposits by borrowers and participating lenders in reserve accounts to cover potential future losses from the lender's loan portfolios. The amount of the Capital Access Fund's match shall not exceed 14 percent of the loan amount. Provisions authorizing the Capital Access Fund to be used for loan guarantees and interest rate write-downs are eliminated.

FULL TEXT

• 01/10/01  House: Presented & ordered printed, prefiled 01/10/01 010165804  pdf | impact statement

HISTORY

• 01/10/01  House: Presented & ordered printed, prefiled 01/10/01 010165804
• 01/10/01  House: Referred to Committee on General Laws
• 01/15/01  House: Assigned to General Laws sub-committee: 5
• 01/29/01  House: Stricken at request of Patron in G. L. (25-Y 0-N)