Small, Women-owned, and Minority-owned Business Loan Fund; established. (HB1757)

Introduced By

Del. Matthew James (D-Portsmouth) with support from co-patrons Del. Mamye BaCote (D-Newport News), Del. Daun Hester (D-Norfolk), and Del. Kathleen Murphy (D-McLean)

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. Amends § 18.2-213.1, § 2.2-3705.6, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/12/2015Committee
01/12/2015Prefiled and ordered printed; offered 01/14/15 15102190D
01/12/2015Referred to Committee on General Laws
01/20/2015Impact statement from DPB (HB1757)
01/20/2015Assigned GL sub: Subcommittee #2
01/29/2015Subcommittee recommends reporting with amendment(s) (7-Y 0-N)
02/03/2015Reported from General Laws with amendments (18-Y 2-N) (see vote tally)
02/05/2015Read first time
02/06/2015Read second time
02/06/2015Committee amendments agreed to
02/06/2015Engrossed by House as amended HB1757E
02/06/2015Printed as engrossed 15102190D-E
02/09/2015Read third time and passed House (84-Y 9-N)
02/09/2015VOTE: PASSAGE (84-Y 9-N) (see vote tally)
02/09/2015Impact statement from DPB (HB1757E)
02/10/2015Constitutional reading dispensed
02/10/2015Referred to Committee on General Laws and Technology
02/16/2015Reported from General Laws and Technology with amendment (13-Y 0-N) (see vote tally)
02/18/2015Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/19/2015Read third time
02/19/2015Reading of amendment waived
02/19/2015Committee amendment agreed to
02/19/2015Engrossed by Senate as amended
02/19/2015Passed Senate with amendment (38-Y 0-N) (see vote tally)
02/20/2015Placed on Calendar
02/23/2015Senate amendment agreed to by House (83-Y 10-N)
02/23/2015VOTE: ADOPTION (83-Y 10-N) (see vote tally)
02/26/2015Enrolled
02/26/2015Bill text as passed House and Senate (HB1757ER)
02/26/2015Signed by Speaker
02/26/2015Signed by President
02/27/2015G Governor's Action Deadline Midnight, Monday, March 30, 2015
02/27/2015Impact statement from DPB (HB1757ER)
02/27/2015Enrolled Bill communicated to Governor on 2/27/15
02/27/2015G Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/27/2015G Approved by Governor-Chapter 696 (effective 7/1/15)
03/27/2015G Acts of Assembly Chapter text (CHAP0696)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 30 seconds.

Duplicate Bills

The following bills are identical to this one: SB854.