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2020 SESSION

• | print version

SB 458 Microloans for Veterans Program and Fund; created.

Introduced by: Bryce E. Reeves | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Microloans for Veterans Program and Fund; creation and administration. Creates the Microloans for Veterans Program and Fund to be administered by the Virginia Small Business Financing Authority (the Authority). The bill directs the Virginia Community College System, working with the Authority and other state agencies, to develop a curriculum to provide education and mentorship to veterans. The Authority is authorized to issue loans of up to $10,000 to veterans who agree to participate in such curriculum and meet other requirements (tier 1 loans). The Authority is authorized to issue loans of up to $50,000 to veterans who have completed the requirements associated with a tier 1 loan and agree to meet advanced education and mentorship requirements (tier 2 loans). The provisions of the bill are contingent on funding in a general appropriation act.

FULL TEXT

• 01/07/20  Senate: Prefiled and ordered printed; offered 01/08/20 20102175D  pdf
• 01/29/20  Senate: Committee substitute printed 20106335D-S1  pdf | impact statement

AMENDMENTS

• House subcommittee amendments and substitutes offered
• House subcommittee amendments and substitutes adopted
• House committee amendments reported

HISTORY

• 01/07/20  Senate: Prefiled and ordered printed; offered 01/08/20 20102175D
• 01/07/20  Senate: Referred to Committee on Finance and Appropriations
• 01/08/20  Senate: Moved from Finance to Finance and Appropriations due to a change of the committee name
• 01/29/20  Senate: Reported from Finance and Appropriations with substitute (16-Y 0-N)
• 01/29/20  Senate: Committee substitute printed 20106335D-S1
• 01/30/20  Senate: Constitutional reading dispensed (37-Y 0-N)
• 01/31/20  Senate: Read second time
• 01/31/20  Senate: Reading of substitute waived
• 01/31/20  Senate: Committee substitute agreed to 20106335D-S1
• 01/31/20  Senate: Engrossed by Senate - committee substitute SB458S1
• 02/03/20  Senate: Read third time and passed Senate (40-Y 0-N)
• 02/13/20  House: Placed on Calendar
• 02/13/20  House: Read first time
• 02/13/20  House: Referred to Committee on General Laws
• 02/14/20  House: Assigned GL sub: Open Government/Procurement
• 02/18/20  House: Subcommittee recommends reporting with amendments (8-Y 0-N)
• 02/18/20  House: Subcommittee recommends referring to Committee on Appropriations
• 02/20/20  House: Reported from General Laws with amendments (20-Y 1-N)
• 02/20/20  House: Referred to Committee on Appropriations
• 03/03/20  House: Left in Appropriations