BILL · 2007–08 SESSION

SB 5621: Certified capital companies

Creating certified capital companies to promote economic development through investment in start-up and emerging businesses.

Summary

  • A certified capital company is defined as a company in Washington certified by the Department of Community, Trade, and Economic Development that primarily invests in independently owned and operated Washington businesses with fewer than 100 employees which are unable to obtain conventional financing and primarily operate in a field that does not involve financial or professional services, real estate development,…

From the Senate Bill Report (SB 5621), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 25, 2007
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Jim Kastama (D-25)
Introduced
January 25, 2007 in the Senate
Last action
January 14, 2008
Companion bill
HB 1721
Budget
Has a fiscal note

AN ACT Relating to the creation of certified capital companies to promote economic development through investment in start-up and emerging Washington businesses;

Sponsors

Prime sponsor: Jim Kastama (D-25)

4 co-sponsors (3 Democrats, 1 Republican)

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Economic Development, Trade & Management.

SB 5621 in other sessions

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

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