Bill Summary for H 161 (2019-2020)

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Summary date: 

Feb 25 2019

Bill Information:

View NCGA Bill Details2019-2020 Session
House Bill 161 (Public) Filed Monday, February 25, 2019
AN ACT TO PROVIDE FUNDING TO THE CAROLINA SMALL BUSINESS DEVELOPMENT FUND FOR LOW-RATE LOANS TO HISTORICALLY UNDERUTILIZED BUSINESSES.
Intro. by Floyd.

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Bill summary

Appropriates $2.5 million in nonrecurring funds for 2019-20 from the General Fund to the Carolina Small Business Development Fund to provide recurring low-rate loans to historically underutilized businesses.