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2008 SESSION

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HB 1459 Small Business Financing Act; preferred lenders.

Introduced by: Brian J. Moran | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Small Business Financing Act; preferred lenders.  Authorizes the Virginia Small Business Financing Authority to delegate to certain banks decisioning and processing functions and responsibilities with respect to certain Authority-guaranteed loans.  The Authority will allocate to the preferred lenders credit authority for the lesser of an Authority-determined amount or the funds available for loan guarantees.


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