CHAPTER NUMBER: 570
File Code: Economic and Community Development
Crossfiled with: HOUSE BILL 85
- Sponsored By:
-
Senators Young, Trotter, and McFadden
- Entitled:
-
MSBDFA - Management Group Contract and Equity Participation Investment
Program
Authorizing the Department of Business and Economic Development to
extend the expiration date of its contract with the MSBDFA Management
Group, Inc. to June 30, 2002 and to renew the contract for 1
additional 5-year term; requiring the Department to include specified
performance standards in any contract extension or renewal; increasing
the maximum amount of MSBDFA's participation in franchises through the
Equity Participation Program; removing the $3 million annual cap on
total equity participation financing; etc.
Senate Action
- 1/22
- First Reading Finance
- 1/24
- Hearing 2/5 at 1:00 p.m.
- 3/3
- Favorable with Amendments Report by Finance
- 3/4
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/6
- Third Reading Passed (44-0)
- 3/31
- Returned Passed
- 5/22
- Signed by the Governor Chapter 570
House Action
- 3/7
- First Reading Economic Matters
- 3/17
- Hearing 3/20 at 1:00 p.m.
- 3/28
- Favorable Report by Economic Matters
- 3/26
- Favorable Report Adopted
- Second Reading Passed
- 3/27
- Third Reading Passed (133-0)
- Sponsored by:
- Senator Larry Young, District 44
- Senator Nathaniel J. McFadden, District 45
- Senator Decatur W. Trotter, District 24
- Bill indexed under the following Subjects:
- BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
- COMMERCE AND BUSINESS -see also- SMALL BUSINESS
- CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT
- FRANCHISES
- INVESTMENTS
- SMALL BUSINESS
- Bill affects the following Statutes:
- Article - 83A Department of Business and Economic Development
- (
5-1009 ,
5-1025 ,
5-1046
)
- Bill Text:
- First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
Amendments:
- Senate
- Number: 537746/1 (PDF) Offered on: MARCH 4, 1997 at: 11:09
Status: Adopted