2007 Regular Session

SENATE BILL 318

File Code: Economic and Community Development Crossfiled with: HOUSE BILL 989
Sponsored By:
Senators Exum, Britt, Conway, Currie, Della, Garagiola, Gladden, Jones, Kelley, Klausmeier, McFadden, Middleton, Muse, and Pugh
Entitled:
Maryland Small Business Development Financing Authority - Financing Limitations

Synopsis:

Altering limitations on lending, guarantees, and equity participation financing by the Maryland Small Business Development Financing Authority in specified transactions; altering the maximum amount of a loan guarantee that the Authority may make using the Contract Financing Fund; altering the maximum amount of a loan guarantee that the Authority may make using the Guaranty Fund; altering the scope of contracts for which the Authority may act as a surety or guarantee under the Small Business Surety Bond Program; etc.

History by Legislative and Calendar Date

Senate Action
1/31
First Reading Finance
Hearing 2/13 at 1:00 p.m.
2/1
Hearing cancelled
Hearing 2/13 at 2:00 p.m.
3/13
Favorable with Amendments Report by Finance
3/14
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/16
Third Reading Passed (44-0)
3/30
Returned Passed
House Action
3/16
First Reading Economic Matters
3/21
Hearing 3/27 at 1:00 p.m.
4/2
Favorable Report by Economic Matters
3/27
Favorable Report Adopted
Second Reading Passed
3/28
Third Reading Passed (139-0)
Action after passage in Senate and House
5/17
Vetoed by the Governor (Duplicative)

Sponsored by:

Senator Nathaniel Exum, District 24
Senator Gwendolyn Britt, District 47
Senator Joan Carter Conway, District 43
Senator Ulysses Currie, District 25
Senator George W. Della, Jr., District 46
Senator Rob Garagiola, District 15
Senator Lisa A. Gladden, District 41
Senator Verna L. Jones, District 44
Senator Delores G. Kelley, District 10
Senator Katherine Klausmeier, District 8
Senator Nathaniel J. McFadden, District 45
Senator Thomas M. Middleton, District 28
Senator C. Anthony Muse, District 26
Senator Catherine E. Pugh, District 40

Bill indexed under the following Subjects:

Administrative Agencies -see also- Electronic Government
Bonds -see also- County & Baltimore City Bonds; State Bonds.
Business and Economic Development, Department of
Contracts -see also- Land Installment Contracts; Procurement
Investments -see also- Securities
Loans -see also- Mortgages
Reports
Small Business

Bill affects the following Statutes:

Article - 83A Department of Business and Economic Development
( 5-1022 , 5-1024 , 5-1029 , 5-1035 , 5-1035 , 5-1046 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
Senate
Number: 527079/01     Offered on: March 14, 2007   at: 11:18 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 16, 2007: Third Reading Passed (44-0)
House
March 28, 2007: Third Reading Passed (139-0)