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A04116 Summary:

BILL NOA04116
 
SAME ASNo same as
 
SPONSORScarborough
 
COSPNSRWalker
 
MLTSPNSR
 
Amd S16-t, UDC Act
 
Provides that small business revolving loan funds may be used to provide short-term financing to minority- and women-owned business enterprises and small businesses performing contracts to provide construction or professional services for state procurement purposes; provides such loans shall be used to underwrite the cost of labor, materials, and equipment directly associated with the contract being financed.
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