HB600 Alabama 2012 Session

Summary

Primary Sponsor

Barry Moore Representative

Republican

Session

Regular Session 2012

Title

Public authorities, Small Business Financing Authority, created within the Department of Economic and Community Affairs, incentives to small business, enrollment of certain loans with authority

Description

This bill would create the Alabama Small Business Financing Authority within the Department of Economic and Community Affairs for the purpose of promoting the development of small businesses in the state. This bill would authorize the authority to work with participating banks and other lenders to provide small businesses that meet certain requirements additional access to capital. This bill would provide for the powers and duties of the authority.

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Subjects

Economic Development