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Office of the Revisor of Statutes

SF 1472 Senate Long Description

Modifying the capital access program; defining community development venture capital fund; authorizing the provision of capital in the form of equity investments for community development venture capital funds or loans for all other assistance; specifying certain duties of the commissioner of trade and economic development (DTED) relating to equity investments; authorizing the commissioner to invest funds from the capital access account for equity investments in community development venture capital funds to provide capital for small and emerging businesses; exempting the capital access program from a certain contract duration limit under the state procurement program; specifying certain statutory reference substitution instructions to the revisor of statutes(ra)