SENATE BILL 524

Sponsored By:

Senator Collins

Entitled:

Neighborhood Business Development Program - Eligible Business Financing

Synopsis:

Repealing the definition of "small business" and adding the definition of "eligible business" to include only those businesses that employ or plan to employ less than a specified number of people at a specified location; requiring a neighborhood business development project to provide employment at specified sites in order to qualify for specified assistance; requiring the Department to reserve a specified amount of the appropriation made to the Program for certain applicants employing less than a specified number of people; etc.

History by Legislative Date

Senate Action

2/6

First Reading Budget and Taxation

2/11

Hearing 2/18 at 2:00 p.m.

2/12

Hearing cancelled

Re-assigned Finance

2/18

Hearing 3/10 at 1:00 p.m.

4/11

Unfavorable Report by Finance

House Action

No Action

Bill indexed under the following Subjects:

APPROPRIATIONS

COMMERCE AND BUSINESS -see also- ENTERPRISE ZONES;SMALL BUS.

COMMUNITY DEVELOPMENT

HOUSING AND COMMUNITY DEVELOPMENT, DEPARTMENT OF

LOANS

SMALL BUSINESS

WORK, LABOR AND EMPLOYMENT -see also- LEAVE; O.T.; SAL COMP.

Bill affects the following Statutes:

Article - 83B Department of Housing and Community Development

( 4-202 , 4-203 , 4-204 , 4-206 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered