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2016 SESSION

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HB 1263 Small, Women-owned, and Minority-owned Business Loan Fund; Va. Small Business Financing Authority.

Introduced by: Matthew James | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Small Business Financing Authority; Small, Women-owned, and Minority-owned Business Loan Fund. Clarifies that the Small, Women-owned, and Minority-owned Business Loan Fund (the Fund) is a permanent revolving loan fund and that moneys collected as a result of loan repayments to the Fund are to be paid directly to the Virginia Small Business Financing Authority for purposes of reimbursing the Fund and extending new direct loans to eligible small, women-owned, and minority-owned businesses.


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