HB1808 - Tennessee: Business And Commerce, Minority Affairs

Companion Bill SB0592. Minority Affairs - Requires the assistance program for small and minority-owned businesses to provide funds without recourse for loan loss reserves, if the reserves are leveraged at a minimum of three times, for loans to small, minority, disadvantaged and start-up businesses to facilitate growth and assist with small business recovery. - Amends TCA Title 65, Chapter 5, Part 1. Fiscal Summary for HB1808 / *SB0592Increase State Expenditures - Not Significant Bill Summary for HB1808 / *SB0592 Present law requires the department of the treasury to develop an assistance program for small and minority-owned businesses, which may include loans and loan guarantees, technical assistance and services, and consulting and educational services. There is a general fund reserve which is allocated in accordance with the small and minority-owned [...]

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