Governor's Development Opportunity Fund; funds to financial institutions for small business loans. (HB1317)

Introduced By

Del. Bob Marshall (R-Manassas)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Governors Development Opportunity Fund; small business loans. Provides for the transfer of up to $2 million from the Governors Development Opportunity Fund to a qualified community development financial institution, for the purpose of making commercial loans and investments to start of expand small businesses, when the Fund balance is greater than $12 million. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/22/2010Committee
01/22/2010Presented and ordered printed 10103257D
01/22/2010Referred to Committee on General Laws
02/10/2010Impact statement from DPB (HB1317)
02/16/2010Left in General Laws