SB 454 Modifies the definition of "eligible job enhancement business" for the purposes of linked deposit loans
Sponsor: Nodler
LR Number: 0492S.01I Fiscal Note: 0492-01
Committee: Financial & Governmental Organizations and Elections
Last Action: 3/12/2007 - Hearing Conducted S Financial & Governmental Organizations and Elections Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2007

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Current Bill Summary

SB 454 - This act modifies the definition of the term "eligible job enhancement business" to allow the business to be eligible for a linked deposit loan greater than fifty thousand dollars per job established or retained, if an applicant can demonstrate significant costs for equipment, capital outlay, or construction associated with the physical expansion, renovation, or modernization of a facility or equipment.