Bill Summary for S 592 (2017-2018)

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Summary date: 

Apr 4 2017

Bill Information:

View NCGA Bill Details2017-2018 Session
Senate Bill 592 (Public) Filed Tuesday, April 4, 2017
AN ACT TO INCREASE ACCESS TO CAPITAL FOR SMALL BUSINESSES BY APPROPRIATING FUNDS TO THE CAROLINA SMALL BUSINESS DEVELOPMENT FUND.
Intro. by Gunn, Ford.

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Bill summary

Appropriates $5 million for 2017-18 and $5 million for 2018-19 from the General Fund to the Carolina Small Business Development Fund to increase small business lending and business services across the State. Requires that the Carolina Small Business Development Fund report on the use of the funds. Effective July 1, 2017.