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DE HB358
Bill
Status
6/26/2020
Primary Sponsor
Richard Collins
Click for details
AI Summary
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Designates not less than $100,000,000 from Delaware's CARES Act federal funds for disbursement to small businesses affected by COVID-19 closures
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Authorizes reimbursement to small businesses for business interruption costs from required closures, unemployment insurance costs related to COVID-19, and other COVID-19 related expenses
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Assigns the Secretary of State, through the Office of the Delaware Economic Development Authority, to establish application criteria, procedures, and guidelines for small business relief requests
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Requires quarterly accounting reports to the General Assembly on disbursed amounts and establishment of a Covid-19 Small Business Committee within 30 days of the legislation's effective date
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Mandates the Committee meet as often as necessary to review, approve, or disapprove applications for economic relief
Legislative Description
An Act To Amend Title 29 Of The Delaware Code Relating To Federal Coronavirus Relief Fund Of 2020 (cares Act 2020)
Last Action
Introduced and Assigned to Administration Committee in House
6/26/2020