BILL · 2001–02 SESSION

SB 5642: Linked deposit program

Modifying provisions relating to the linked deposit program.

Summary

  • Qualifying loans to any borrower are limited to $1 million. If a borrower loses its certification as a women or minority owned business, the Treasurer must notify the lender who must then reduce the loan by the outstanding balance of qualifying loans by the outstanding balance of the loan made to entity that has been decertified.

From the Senate Bill Report (SB 5642), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 29, 2001
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Margarita Prentice (D-11)
Introduced
January 29, 2001 in the Senate
Last action
January 14, 2002
Requested by
Governor
Companion bill
HB 1587
Budget
Has a fiscal note

AN ACT Relating to the linked deposit program;

Sponsors

Prime sponsor: Margarita Prentice (D-11)

3 co-sponsors (3 Democrats, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. LCF - Majority; do pass.
  4. On motion, referred to Ways & Means.
  5. Minority; do not pass.
  6. First reading, referred to Labor, Commerce & Financial Institutions.

SB 5642 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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