Legislative Session number- 83

Bill Name: SF3049

Relating to economic development; requiring the commissioner of +employment and
economic development (DEED) to invest in long term loans to qualified+ business
development organizations serving and located in communities outside +the
metropolitan area to provide capital for business lending and +investment by the
organizations; specifying certain organization loan eligibility +qualification
requirements and authorized investments, subjecting the investments +to certain
investment agreement requirements; requiring the commissioner to +establish an
investment fund, requiring investment funds repayment for subsequent
reinvestment purposes (mk)