Bryce Reeves
- Republican
- Senator
- District 28
Primary
Microloans for Veterans Program and Fund; creation and administration. Creates the Microloans for Veterans Program and Fund to be administered by the Virginia Small Business Financing Authority (the Authority). The bill directs the Virginia Community College System, working with the Authority and other state agencies, to develop a curriculum to provide education and mentorship to veterans. The Authority is authorized to issue loans of up to $10,000 to veterans who agree to participate in such curriculum and meet other requirements (tier 1 loans). The Authority is authorized to issue loans of up to $50,000 to veterans who have completed the requirements associated with a tier 1 loan and agree to meet advanced education and mentorship requirements (tier 2 loans). The provisions of the bill are contingent on funding in a general appropriation act.
Microloans for Veterans Program and Fund; creationand administration. Creates the Microloans for Veterans Programand Fund to be administered by the Virginia Small Business FinancingAuthority (the Authority). The bill directs the Authority to work with the Department of Veterans Services, the Department of SmallBusiness and Supplier Diversity, and the Virginia Community CollegeSystem to develop a curriculum of education and mentorship relatedto finance and business planning. The Authority is authorized toissue loans of up to $10,000 to veterans who agree to participatein such curriculum and meet other requirements (tier 1 loans). TheAuthority is authorized to issue loans of up to $50,000 to veteranswho have completed the requirements associated with a tier 1 loanand agree to meet advanced education and mentorship requirements(tier 2 loans).
Left in Appropriations
Referred to Committee on Appropriations
Reported from General Laws with amendments (20-Y 1-N)
Subcommittee recommends referring to Committee on Appropriations
Subcommittee recommends reporting with amendments (8-Y 0-N)
House subcommittee amendments and substitutes offered
Assigned GL sub: Open Government/Procurement
Read first time
Referred to Committee on General Laws
Placed on Calendar
Impact statement from DPB (SB458S1)
Read third time and passed Senate (40-Y 0-N)
Engrossed by Senate - committee substitute SB458S1
Committee substitute agreed to 20106335D-S1
Reading of substitute waived
Read second time
Constitutional reading dispensed (37-Y 0-N)
Reported from Finance and Appropriations with substitute (16-Y 0-N)
Committee substitute printed 20106335D-S1
Moved from Finance to Finance and Appropriations due to a change of the committee name
Referred to Committee on Finance and Appropriations
Prefiled and ordered printed; offered 01/08/20 20102175D
| Bill Text Versions | Format |
|---|---|
| Engrossed by Senate - committee substitute SB458S1 | HTML |
| Engrossed by Senate - committee substitute SB458S1 | HTML |
| Document | Format |
|---|---|
| Amendment: SB458AH | HTML |
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