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CT HB05050
Bill
Status
2/8/2010
Primary Sponsor
Marie Kirkley-Bey
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AI Summary
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Establishes a competitive revolving loan fund administered by the Commissioner of the Department of Economic and Community Development to provide funds to nonprofit economic and community development organizations and certain lenders.
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Fund moneys shall be used to provide loans to small and other certain business enterprises in Connecticut.
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Banking Commissioner must remit 2% of all fines collected annually by the Banking Department to the Commissioner of Economic and Community Development.
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All moneys received from the Banking Commissioner shall be deposited into the revolving loan fund.
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Takes effect October 1, 2010.
Legislative Description
An Act Establishing A Revolving Loan Fund For Nonprofit Economic And Community Development Organizations And Certain Lenders.
Last Action
Tabled for the Calendar, House
4/27/2010