File Code: Economic and Community Development
- Sponsored By:
-
Delegates Harrison and Rawlings
- Entitled:
-
MSBDFA - Equity Participation Investment Program
Increasing the maximum dollar amount of the Maryland Small Business
Development Financing Authority's participation in franchises through
the Equity Participation Investment Program from $100,000 to $500,000;
repealing the $3 million annual cap for total financing under the
Program; repealing the $75,000 net worth requirement in the Program;
and reducing the required percentage of business ownership by socially
or economically disadvantaged persons to qualify for financial
assistance under the Program.
House Action
- 1/16
- First Reading Economic Matters
- 3/3
- Withdrawn
Senate Action
- No Action
- Sponsored by:
- Delegate Hattie N. Harrison, District 45
- Delegate Howard P. Rawlings, District 40
- Bill indexed under the following Subjects:
- ADMINISTRATIVE AGENCIES
- FRANCHISES
- INVESTMENTS
- MINORITIES
- SMALL BUSINESS
- Bill affects the following Statutes:
- Article - 83A Department of Business and Economic Development
- (
5-1025 ,
5-1046
)
- Bill Text:
- First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)