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CT HB05265
Bill
Status
Introduced
2/23/2012
Primary Sponsor
Commerce Committee
Click for details
AI Summary
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Authorizes the State Treasurer to use up to $1 billion from the State Employees Retirement Fund to purchase the guaranteed portion of federal Small Business Administration loans.
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Applies to SBA loans extended by state chartered banks to qualifying small businesses within the state on or after July 1, 2012.
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Effective July 1, 2012.
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Purpose is to support small business financing and growth.
Legislative Description
An Act Concerning Small Business Lending.
Last Action
Public Hearing 02/28
2/24/2012
Committee Referrals
Commerce2/23/2012
Full Bill Text
No bill text available