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1999 SESSION

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HB 2506 Capital Access Fund for Disadvantaged Businesses.

Introduced by: Thelma S. Drake | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Capital Access Fund for Disadvantaged Businesses. Creates a permanent, nonreverting fund to be used to provide loan guarantees, loan loss reserves, and interest rate write-downs for economically disadvantaged businesses. The Virginia Small Business Financing Authority and the Director of the Department of Minority Business Enterprise shall jointly develop Fund guidelines.


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