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MN SF2857

Bill

Official Source

Status

Introduced

3/1/2018

Primary Sponsor

Caroline Ruud

Click for details

Origin

Senate

90th Legislature 2017-2018

AI Summary

  • Increases employee threshold for eligible small business borrowers from fewer than 50 to fewer than 100 full-time equivalent employees
  • Adds net worth requirement of less than $1,000,000 for eligible borrowers
  • Modifies loan interest rate to at or below one-half the prime rate, not to exceed five percent (previously four percent or at or below one-half prime, whichever was greater)
  • Increases maximum loan amount from $50,000 to $75,000
  • Requires Pollution Control Agency to amend rules by April 30, 2019 to require six contact hours of training for type IV disposal facility certificate renewal

Legislative Description

Small business environmental-improvement loan program borrower and loan conditions modifications; disposal facility certificates rules modification requirement

Last Action

Rule 45-amend, subst. General Orders HF3666

5/15/2018

Committee Referrals

State Government Finance and Policy and Elections3/22/2018
Environment and Natural Resources Policy and Legacy Finance3/1/2018

Full Bill Text

No bill text available