Small, Women-owned, and Minority-owned Business Loan Fund; established. (SB854)
Introduced By
Sen. Louise Lucas (D-Portsmouth)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia Small Business Financing Authority; Small, Women-owned and Minority-owned Business Loan Fund. Abolishes the Capital Access Fund for Disadvantaged Businesses, which provides loan guarantees, loan loss reserves, and interest rate write downs for disadvantaged businesses, and replaces it with the Small, Women-owned and Minority-owned Business Loan Fund. The new fund will provide direct loans to eligible small, women-owned, and minority-owned businesses. The bill also includes technical amendments. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/06/2015 | Prefiled and ordered printed; offered 01/14/15 15103108D |
01/06/2015 | Referred to Committee on General Laws and Technology |
01/19/2015 | Reported from General Laws and Technology (13-Y 0-N 1-A) (see vote tally) |
01/19/2015 | Rereferred to Finance |
01/20/2015 | Impact statement from DPB (SB854) |
01/27/2015 | Reported from Finance (15-Y 0-N) (see vote tally) |
01/28/2015 | Constitutional reading dispensed (38-Y 0-N) (see vote tally) |
01/29/2015 | Read second time and engrossed |
01/30/2015 | Read third time and passed Senate (38-Y 0-N) (see vote tally) |
02/06/2015 | Placed on Calendar |
02/06/2015 | Read first time |
02/06/2015 | Referred to Committee on General Laws |
02/10/2015 | Reported from General Laws with amendments (21-Y 1-N) (see vote tally) |
02/11/2015 | Read second time |
02/12/2015 | Read third time |
02/12/2015 | Committee amendments agreed to |
02/12/2015 | Engrossed by House as amended |
02/12/2015 | Passed House with amendments (87-Y 12-N) |
02/12/2015 | VOTE: PASSAGE (87-Y 12-N) (see vote tally) |
02/16/2015 | House amendments agreed to by Senate (37-Y 0-N) (see vote tally) |
02/18/2015 | Enrolled |
02/18/2015 | Bill text as passed Senate and House (SB854ER) |
02/18/2015 | Impact statement from DPB (SB854ER) |
02/18/2015 | Signed by Speaker |
02/20/2015 | Signed by President |
02/23/2015 | G Governor's Action Deadline Midnight, Monday, March 30, 2015 |
02/23/2015 | Enrolled Bill Communicated to Governor on 2/23/15 |
02/23/2015 | G Governor's Action Deadline Midnight, Sunday, March 29, 2015 |
03/27/2015 | G Approved by Governor-Chapter 697 (effective 7/1/15) |
03/27/2015 | G Acts of Assembly Chapter text (CHAP0697) |
Video
This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 2 minutes.