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2015 SESSION
SB 854 Small, Women-owned, and Minority-owned Business Loan Fund; established.
Introduced by: L. Louise Lucas | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Virginia Small Business Financing Authority; Small, Women-owned, and Minority-owned Business Loan Fund. Abolishes the Capital Access Fund for Disadvantaged Businesses, which provides loan guarantees, loan loss reserves, and interest rate write-downs for disadvantaged businesses, and replaces it with the Small, Women-owned, and Minority-owned Business Loan Fund. The new fund will provide direct loans to eligible small, women-owned, and minority-owned businesses. The bill requires the Small Business Financing Authority and the Department of Small Business and Supplier Diversity to transfer cash balances in the Capital Access Fund for Disadvantaged Businesses to the Small, Women-owned, and Minority-owned Business Loan Fund. The bill contains technical amendments. This bill is identical to HB 1757.
FULL TEXT
- 01/06/15 Senate: Prefiled and ordered printed; offered 01/14/15 15103108D pdf | impact statement
- 02/18/15 Senate: Bill text as passed Senate and House (SB854ER) pdf | impact statement
- 03/27/15 Governor: Acts of Assembly Chapter text (CHAP0697) pdf
AMENDMENTS
HISTORY
- 01/06/15 Senate: Prefiled and ordered printed; offered 01/14/15 15103108D
- 01/06/15 Senate: Referred to Committee on General Laws and Technology
- 01/19/15 Senate: Reported from General Laws and Technology (13-Y 0-N 1-A)
- 01/19/15 Senate: Rereferred to Finance
- 01/27/15 Senate: Reported from Finance (15-Y 0-N)
- 01/28/15 Senate: Constitutional reading dispensed (38-Y 0-N)
- 01/29/15 Senate: Read second time and engrossed
- 01/30/15 Senate: Read third time and passed Senate (38-Y 0-N)
- 02/06/15 House: Placed on Calendar
- 02/06/15 House: Read first time
- 02/06/15 House: Referred to Committee on General Laws
- 02/10/15 House: Reported from General Laws with amendments (21-Y 1-N)
- 02/11/15 House: Read second time
- 02/12/15 House: Read third time
- 02/12/15 House: Committee amendments agreed to
- 02/12/15 House: Engrossed by House as amended
- 02/12/15 House: Passed House with amendments (87-Y 12-N)
- 02/12/15 House: VOTE: PASSAGE (87-Y 12-N)
- 02/16/15 Senate: House amendments agreed to by Senate (37-Y 0-N)
- 02/18/15 Senate: Enrolled
- 02/18/15 Senate: Bill text as passed Senate and House (SB854ER)
- 02/18/15 House: Signed by Speaker
- 02/20/15 Senate: Signed by President
- 02/23/15 Senate: Enrolled Bill Communicated to Governor on 2/23/15
- 02/23/15 Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015
- 03/27/15 Governor: Approved by Governor-Chapter 697 (effective 7/1/15)
- 03/27/15 Governor: Acts of Assembly Chapter text (CHAP0697)