Bills › 90th General Assembly
To include veterans in the small business linked investments program
Sponsored by the Senate Veterans Affairs Committee
Topics:Business & economyVeterans & military
Same legislation: SSB 1174
Where it is now
- Done: IntroducedFebruary 21, 2023
- Done: SubcommitteeFebruary 21, 2023
- Done: Senate committeeFebruary 28, 2023
- Done: Passes the SenateFebruary 27, 202449–0
- Done: House committeeMarch 12, 2024
- Done: Passes the HouseApril 18, 202496–0
- Done: To the GovernorApril 29, 2024
- Done: Signed into lawMay 8, 2024
Signed into law What’s a funnel?
What’s in it
AI summary The state treasurer can now give loans to businesses that are owned and run by veterans. To qualify, the business must be at least 50 percent owned by people who served on active duty in the U.S. military and were discharged under honorable conditions.1
Read the official explanation
This bill allows the treasurer of state to make loans to businesses which are percent or more owned, operated, and actively managed by one or more veterans through the small business linked investments program. The bill defines a veteran, for the purposes of the small business linked investments program, as a person who served on federal active duty, other than training, in the armed forces of the United States and who was released or discharged under any circumstances other than dishonorable conditions, or who meets the definition of a “veteran” in Code section 35.1.
House subcommittee
Named February 28, 2024. On March 5, 2024 it recommended passage. Vote Total: 3-0.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
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90th General Assembly