2006 Regular Session

HOUSE BILL 1431

CHAPTER NUMBER: 396 File Code: Financial Institutions
Sponsored By:
Delegates Vaughn, Anderson, Benson, C. Davis, Goodwin, Haynes, Howard, Oaks, Paige, Patterson, Ramirez, V. Turner, Burns, Conroy, D. Davis, Doory, Feldman, Haddaway, Harrison, Kirk, Krysiak, Love, McHale, Moe, Parrott, and Taylor
Entitled:
Linked Deposit Program - State Depository Financial Institutions - Loans to Minority Business Enterprises

Synopsis:

Establishing a Linked Deposit Program in the Department of Housing and Community Development for the purpose of stimulating opportunities for minority business enterprises to have access to credit by assisting these businesses in obtaining loans at lower than market interest rates; specifying that specified loans qualify under the Program; requiring the Department to confirm with a specified certification agency that specified loans are made to specified businesses; etc.

History by Legislative Date

House Action
2/10
First Reading Economic Matters
2/15
Hearing 3/7 at 1:00 p.m.
3/3
Hearing cancelled
Hearing 3/14 at 1:00 p.m.
3/9
Hearing cancelled
Hearing 3/15 at 1:00 p.m.
3/20
Favorable with Amendments Report by Economic Matters
3/19
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/20
Third Reading Passed (136-0)
4/8
House Concur - Senate Amendments
Third Reading Passed (129-0)
Passed Enrolled
Senate Action
3/22
First Reading Finance
3/23
Hearing 3/31 at 1:00 p.m.
4/4
Favorable with Amendments Report by Finance
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/5
Third Reading Passed with Amendments (47-0)
Action after passage in House and Senate
5/2
Signed by the Governor Chapter 396

Sponsored by:

Delegate Michael L. Vaughn, District 24
Delegate Curt Anderson, District 43
Delegate Joanne C. Benson, District 24
Delegate Emmett C. Burns, Jr., District 10
Delegate Mary A. Conroy, District 23A
Delegate Clarence Davis, District 45
Delegate Dereck E. Davis, District 25
Delegate Ann Marie Doory, District 43
Delegate Brian J. Feldman, District 15
Delegate Marshall T. Goodwin, District 40
Delegate Jeannie Haddaway, District 37B
Delegate Hattie N. Harrison, District 45
Delegate Keith E. Haynes, District 44
Delegate Carolyn J. B. Howard, District 24
Delegate Ruth M. Kirk, District 44
Delegate Carolyn J. Krysiak, District 46
Delegate Mary Ann E. Love, District 32
Delegate Brian K. McHale, District 46
Delegate Brian R. Moe, District 21
Delegate Nathaniel T. Oaks, District 41
Delegate Jeffrey A. Paige, District 44
Delegate Joanne S. Parrott, District 35A
Delegate Obie Patterson, District 26
Delegate Victor R. Ramirez, District 47
Delegate Herman L. Taylor, Jr., District 14
Delegate Veronica Turner, District 26

Bill indexed under the following Subjects:

COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
CREDIT
FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
HOUSING AND COMMUNITY DEVELOPMENT, DEPARTMENT OF
INTEREST
INVESTMENTS -see also- SECURITIES
LOANS -see also- MORTGAGES
MINORITIES -see also- WOMEN
NOTICES
PUBLIC OFFICIALS -see also- ATTY GEN; COMP; CO ADMIN; etc
REPORTS
RULES AND REGULATIONS
SMALL BUSINESS
SUNSET
TREASURERS

Bill affects the following Statute:

State Finance and Procurement
( 6-211 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments (Displayed in WordPerfect 8 Format):
House
Number: 173799/01 (PDF)     Offered on: March 21, 2006   at: 10:33 a.m.     Status: Adopted
Senate
Number: 517073/01 (PDF)     Offered on: April 7, 2006   at: 12:57 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 20, 2006: Third Reading Passed (136-0)
April 8, 2006: Third Reading Passed (129-0)
Senate
April 5, 2006: Third Reading Passed (47-0)