Small, Women-owned, and Minority-owned Business Loan Fund; established. (SB854)

Introduced By

Sen. Louise Lucas (D-Portsmouth)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Passed


01/06/2015Prefiled and ordered printed; offered 01/14/15 15103108D
01/06/2015Referred to Committee on General Laws and Technology
01/19/2015Reported from General Laws and Technology (13-Y 0-N 1-A) (see vote tally)
01/19/2015Rereferred to Finance
01/20/2015Impact statement from DPB (SB854)
01/27/2015Reported from Finance (15-Y 0-N) (see vote tally)
01/28/2015Constitutional reading dispensed (38-Y 0-N) (see vote tally)
01/29/2015Read second time and engrossed
01/30/2015Read third time and passed Senate (38-Y 0-N) (see vote tally)
02/06/2015Placed on Calendar
02/06/2015Read first time
02/06/2015Referred to Committee on General Laws
02/10/2015Reported from General Laws with amendments (21-Y 1-N) (see vote tally)
02/11/2015Read second time
02/12/2015Read third time
02/12/2015Committee amendments agreed to
02/12/2015Engrossed by House as amended
02/12/2015Passed House with amendments (87-Y 12-N)
02/12/2015VOTE: PASSAGE (87-Y 12-N) (see vote tally)
02/16/2015House amendments agreed to by Senate (37-Y 0-N) (see vote tally)
02/18/2015Bill text as passed Senate and House (SB854ER)
02/18/2015Impact statement from DPB (SB854ER)
02/18/2015Signed by Speaker
02/20/2015Signed by President
02/23/2015G Governor's Action Deadline Midnight, Monday, March 30, 2015
02/23/2015Enrolled Bill Communicated to Governor on 2/23/15
02/23/2015G Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/27/2015G Approved by Governor-Chapter 697 (effective 7/1/15)
03/27/2015G Acts of Assembly Chapter text (CHAP0697)


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.

Duplicate Bills

The following bills are identical to this one: HB1757.