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1999 SESSION

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SB 1127 Capital Access Fund for Disadvantaged Businesses.

Introduced by: W. Henry Maxwell | 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 loans and loan guarantees for disadvantaged businesses. The Virginia Small Business Financing Authority and the Director of the Department of Minority Business Enterprise will jointly develop guidelines, subject to approval by the Secretary of Trade and Commerce, for the Fund. This is a recommendation of the Joint Subcommittee Studying the Status and Needs of African-American Males in Virginia. Identical to HB2506.


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