2018 Regular Session
|At the request of:||(at the request of Oregon Business Development Department)|
|Chief Sponsors:||Senator Burdick, Beyer|
|Regular Sponsors:||Senator Courtney, Dembrow, Frederick, Gelser, Hass, Johnson, Manning Jr, Monnes Anderson, Monroe, Prozanski, Riley, Roblan, Steiner Hayward, Taylor, Thomsen, Representative Bynum, Hayden, Helfrich, Helm, McKeown, Parrish, Sollman (Presession filed.)|
|Bill Title:||Relating to a small business expansion loan fund.|
Establishes Small Business Expansion Loan Fund to be administered by Oregon Business Development Department for purpose of making loans of early stage growth capital to individuals and business entities with 50 or fewer employees that may not be able to obtain adequate traditional commercial or private financing to meet operational and growth needs.
Provides that no individual loan may be made for amount greater than $2 million. Authorizes Oregon Business Development Commission to transfer moneys in Oregon Business Development Fund to Small Business Expansion Loan Fund when reasonable and financially appropriate for purpose of making loans under Act.
|Chapter Number:||Chapter 71|
|Fiscal Impact:||Fiscal Impact Issued|
|Revenue Impact:||No Revenue Impact|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||Chapter Number Assigned|