SB1072 (CH0345)

2013 Regular Session



Linked Deposit Programs for Small Businesses and Minority Business Enterprises

Sponsored by:

Senator Middleton


Approved by the Governor - Chapter 345

Synopsis:Altering the minimum interest rate that a loan may have in order to qualify under certain linked deposit programs; altering the interest rate that the State Treasurer may accept in making specified interest bearing deposits; authorizing the State Treasurer to make specified interest bearing deposits in any financial institution without specified security under specified circumstances; and providing for the termination of specified provisions of the Act.
Analysis:Fiscal and Policy Note
All Sponsors:Senator Middleton
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2013
FinanceEconomic Matters  View Committee Hearing
Broad Subject(s):State Government - Agencies, Offices, and Officials
Narrow Subject(s):Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Financial Institutions -see also- Banks; Credit Unions; etc.
Loans -see also- Mortgages
Minorities -see also- Women
Small Business
Statutes:Article - State Finance and Procurement
(6-211, 6-212)

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October 24, 2017 1:11 P.M.