Appropriates $3 million in recurring funds from the General Fund to the Carolina Small Business Development Fund (Fund), a nonprofit corporation for the 2019-20 fiscal year to increase small business lending and business services in the State. For each year State funds are expended, requires the Fund to: (1) annually, and more frequently upon request, report to the specified NCGA Committee and Division on prior State fiscal year programs, activities, and accomplishments and prior State fiscal year itemized expenditures and fund sources; and (2) provide the specified NCGA Committee and Division a copy of its annual audited financial statement within 30 days of issuance. Effective July 1, 2019.
FUNDING FOR SMALL BUSINESS LOANS.
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| View NCGA Bill Details(link is external) | 2019-2020 Session |
AN ACT TO APPROPRIATE FUNDS TO CAROLINA SMALL BUSINESS DEVELOPMENT FUND TO INCREASE ACCESS TO LENDING AND BUSINESS SERVICES FOR SMALL BUSINESSES IN THE STATE.Intro. by McElraft, Floyd.
Status: Re-ref Com On Appropriations, Agriculture and Natural and Economic Resources (House action) (Apr 3 2019)
Bill History:
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Wed, 13 Mar 2019 House: Filed(link is external)
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Thu, 14 Mar 2019 House: Passed 1st Reading(link is external)
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Wed, 3 Apr 2019 House: Reptd Fav(link is external)
H 352
Bill Summaries:
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Bill H 352 (2019-2020)Summary date: Mar 13 2019 - View Summary
View: All Summaries for Bill