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S01318 Summary:
| BILL NO | S01318 |
| SAME AS | SAME AS A00727 |
| SPONSOR | ALESI |
| COSPNSR | DEFRANCISCO, LARKIN, LEIBELL, LITTLE, MALTESE, MCGEE, MORAHAN, NOZZOLIO, RATH, SALAND, WINNER |
| MLTSPNSR | |
| Amd S3, add S9-f, UDC Act | |
| Creates a program authorizing loans by the Urban development Corporation (UDC) and to small and medium business that has suffered or is likely to suffer economic injury as a result of the absence of the owner, manager, or key employee who is or was an eligible reservist being ordered to active duty with the armed forces during a period of military conflict; loans not to exceed $150,000; interest not to exceed a rate of 5%; definitions and related provisions; does not call for the expenditure of state funds. | |