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Original
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Opposite
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Review in
Original Chamber
Passed Both
Chambers
Conf. Cmte
(if necessary)
To Governor
Title
Economic Development – Small Business Financing – Loan Loss Reserve (Maryland Capital Access Program)
Sponsored by
Senators Hester, Feldman, West, Peters, Kramer, and Kagan
Status
In the Senate - Hearing 3/16 at 1:00 p.m. (Finance)
Analysis
Fiscal and Policy Note
Synopsis
Establishing a Capital Access Program in the Department of Commerce for the purpose of stimulating opportunities for small businesses that may have difficulty in obtaining business financing to have access to credit by establishing a loan loss reserve program; specifying that certain loans qualify under the Program; requiring a lender to enroll a qualifying loan not more than 30 days after the date of the first disbursement; authorizing a lender to enroll all or a portion of a qualifying loan in an amount not more than $250,000; etc.
Details
Cross-filed with: HB0829
Bill File Type: Regular
Effective Date(s): October 1, 2021
Bill imposes a mandated appropriation in the annual State Budget Bill
Legislation History
Chamber
Senate
Calendar Date
2/09/2021
Legislative Date
2/09/2021
Action
First Reading Finance and Budget and Taxation
Proceedings
Chamber
Senate
Calendar Date
2/10/2021
Legislative Date
2/10/2021
Action
Hearing 3/16 at 1:00 p.m. (Finance)
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
Senate 2/09/2021 2/09/2021 First Reading Finance and Budget and Taxation
Text - First - Economic Development – Small Business Financing – Loan Loss Reserve (Maryland Capital Access Program)
Senate 2/10/2021 2/10/2021 Hearing 3/16 at 1:00 p.m. (Finance)
(   5-1701 through 5-1708 )
Last Updated: 4/1/2021 6:22 PM
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