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ND SB2137
Bill
Status
Engrossed
1/20/2015
Primary Sponsor
Industry, Business and Labor Committee
Click for details
AI Summary
- Amends section 10-30.5-13 of the North Dakota Century Code to clarify the small business technology investment program administered by the corporation
- Qualified applicants must be North Dakota startup businesses in the technology field and meet corporation underwriting guidelines
- Recipients must provide documentation of two dollars in nonstate angel fund investment matching funds for each dollar of state funds received
- State investments are capped at fifty thousand dollars per recipient with eligible uses including proof of concept development, and recipients may receive only one award
- Program investments are not classified as business incentives under chapter 54-60.1
Legislative Description
The small business technology investment program.
Last Action
Second reading, failed to pass, yeas 0 nays 85
3/6/2015
Committee Referrals
Industry, Business, and Labor1/6/2015
Full Bill Text
No bill text available