VA HB2213 | 2015 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 15 2015 - 25% progression, died in committee
Action: 2015-02-10 - Left in General Laws
Pending: House General Laws Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Virginia Small Business Financing Authority; Small Business Loan Guarantee Fund. Creates the Small Business Loan Guarantee Fund to provide loan loss reserves, interest rate write downs, and loan guarantees for up to 90 percent of the principal amount of any commercial loan or line of credit made by a community bank. The bill provides that such guarantees shall not exceed $200 million or a term of five years.

Tracking Information

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Title

Small Business Loan Guarantee Fund; created.

Sponsors


History

DateChamberAction
2015-02-10HouseLeft in General Laws
2015-01-22HouseSubcommittee recommends laying on the table by voice vote
2015-01-20HouseAssigned GL sub: Subcommittee #4
2015-01-15HouseReferred to Committee on General Laws
2015-01-15HousePresented and ordered printed 15100612D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
222311.1(n/a)See Bill Text

Virginia State Sources


Bill Comments

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