SB0465

Find a 2017 Bill:

2017 Regular Session

 

Entitled:

Maryland Nonprofit Development Center Program and Fund - Bridge Loans

Sponsored by:

Senator Kagan

Status:

In the Senate - Passed Enrolled


Synopsis:Renaming the Maryland Not-For-Profit Development Center Program and the Maryland Not-For-Profit Development Center Program Fund to be the Maryland Nonprofit Development Center Program and the Maryland Nonprofit Development Center Program Fund; establishing the Nonprofit, Interest-Free, Micro Bridge Loan (NIMBL) Account within the Fund; authorizing the Governor to transfer specified funds by June 30, 2017, to the NIMBL Account; requiring the Department of Commerce to submit a specified report on the bridge loans by December 31, 2020; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senators Kagan, Astle, Bates, Benson, Cassilly, Conway, Currie, DeGrange, Eckardt, Edwards, Feldman, Ferguson, Guzzone, Hershey, Hough, Jennings, Kelley, King, Klausmeier, Lee, Madaleno, Manno, Mathias, McFadden, Middleton, Miller, Muse, Nathan-Pulliam, Norman, Peters, Pinsky, Ramirez, Ready, Reilly, Robinson, Rosapepe, Salling, Serafini, Simonaire, Smith, Waugh, Young, Zirkin, Zucker, Oaks, Kasemeyer, and Brochin
Additional Facts:Cross-filed with: HB1517
Bill File Type: Regular
Effective Date(s): June 1, 2017
Committee(s):
Finance  View Committee HearingEconomic Matters
Broad Subject(s):Economic and Community Development
Gaming
Narrow Subject(s):Commerce, Department of
Comptroller
Debt Management
Equipment -see also- Motor Vehicle Equipment
General Assembly -see also- AELR Cmte; Leg Policy Committee
Governor
Loans -see also- Mortgages
Lottery
Nonprofit Organizations
Notices
Reports
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Video
Statutes:Article - Economic Development
(5-1201 through 5-1205)
Article - State Government
(9-1A-27)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


May 15, 2017 11:59 A.M.