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S01419 Summary:

BILL NOS01419
 
SAME ASSAME AS A01884
 
SPONSORALESI
 
COSPNSRDEFRANCISCO, MALTESE, MCGEE, MENDEZ, MORAHAN, RATH, ROBACH, SEWARD
 
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.
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