BILL · 2001–02 SESSION

SB 6388: Linked deposit program

Modifying provisions relating to the linked deposit program.

Summary

  • Qualifying loans are for a term of ten years or less, made to a certified minority or women's business enterprise, with an interest not to exceed the lenders prime rate. The origination fee may not exceed 1 percent of the loan principal.

From the Senate Bill Report (SB 6388), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 16, 2002
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Margarita Prentice (D-11)
Introduced
January 16, 2002 in the Senate
Last action
January 23, 2002
Requested by
State agency
Companion bill
HB 2456

AN ACT Relating to the linked deposit program;

Sponsors

Votes

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

History

  1. Minority; do not pass.
  2. And refer to Ways & Means.
  3. LCF - Majority; do pass.
  4. Referred to Ways & Means.
  5. First reading, referred to Labor, Commerce & Financial Institutions.

SB 6388 in other sessions

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

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