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OK SB1955
Bill
AI Summary
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Increases maximum loan amount for eligible small businesses under the Oklahoma Small Business Linked Deposit Act from $1,000,000 to $1,200,000.
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Maintains existing maximum loan amounts of $6,000,000 for eligible industrial parks and public trusts engaged in industrial development.
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Preserves all existing eligibility requirements, lending standards, and program conditions for small business linked deposit loans.
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Declares an emergency effective date for the bill upon passage and approval.
Legislative Description
Public finance; relating to the Oklahoma Small Business Linked Deposit Act; increasing the maximum amount allowed to be loaned to a small business. Emergency.
Public Finance
Last Action
Approved by Governor 05/14/2010
5/17/2010
Committee Referrals
Finance2/2/2010
Full Bill Text
No bill text available