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AL HB289
Bill
Status
2/8/2022
Primary Sponsor
Steve Clouse
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AI Summary
HB 289 Summary
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Appropriates $97,943,015 in federal funds from the American Rescue Plan Act - State Small Business Credit Initiative Fund to the Department of Finance for fiscal year ending September 30, 2022.
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Allocates up to $25,000,000 to implement the venture capital program created by Act 2021-492.
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Allocates up to $25,000,000 to establish a second venture capital program.
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Allocates up to $47,943,015 to establish small business loan programs.
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Any unexpended funds remaining on September 30, 2022, shall be reappropriated for the same purposes for fiscal year beginning October 1, 2023, and all subsequent fiscal years.
Legislative Description
Supplemental Appropriations, from the American Rescue Plan Act - State Small Business Credit Initiative Fund for the fiscal year ending September 30, 2022.
Supplemental Appropriations
Last Action
Pending third reading on day 21 Favorable from Ways and Means General Fund with 1 amendment
3/9/2022