HB600 Alabama 2012 Session

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.

To create the Alabama Small Business Financing Authority; to provide for the board of the authority; to provide for the powers and duties of the authority; and to authorize the authority to enter into agreements with participating banks and other lenders to provide small businesses with additional access to capital under certain conditions.