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NC H352

Bill

Official Source

Status

Introduced

3/13/2019

Primary Sponsor

Patricia McElraft

Click for details

Origin

House of Representatives

2019-2020 Session

AI Summary

  • Appropriates $3,000,000 in recurring General Fund money to Carolina Small Business Development Fund for the 2019-2020 fiscal year to support small business lending and services.

  • Requires the Fund to report annually by September 1 to the Joint Legislative Oversight Committee on Agriculture and Natural and Economic Resources and the Fiscal Research Division on program activities, objectives, accomplishments, and itemized expenditures.

  • Requires the Fund to provide a copy of its annual audited financial statement to the Joint Legislative Oversight Committee and Fiscal Research Division within 30 days of issuance.

  • Becomes effective July 1, 2019.

Legislative Description

Funding for Small Business Loans

Last Action

Re-ref Com On Appropriations, Agriculture and Natural and Economic Resources

4/3/2019

Committee Referrals

Appropriations Subcommittee on Agriculture and Natural and Economic Resources4/3/2019
Commerce3/14/2019

Full Bill Text

No bill text available