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HB2714 • 2025

Directs the State Treasurer to develop and implement a small business support loan program that aids in supporting the economic activities of small businesses during times in which small businesses cannot conduct business activities at an ordinary or customary level because of a statewide or regional emergency or other significant disruption of business activity.

Directs the State Treasurer to develop and implement a small business support loan program that aids in supporting the economic activities of small businesses during times in which small businesses cannot conduct business activities at an ordinary or customary level because of a statewide or regional emergency or other significant disruption of business activity.

Small Business
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Representative Evans
Last action
2025-06-27
Official status
In House Committee
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2025-06-27 House

    In committee upon adjournment.

  2. 2025-01-17 House

    Referred to Economic Development, Small Business, and Trade with subsequent referral to Ways and Means.

  3. 2025-01-13 House

    First reading. Referred to Speaker's desk.

Official Summary Text

Digest: Tells the State Treasurer to create a program to offer loans to small businesses that cannot operate at their usual levels during an emergency. Sets out how a business will qualify for a loan. Allows bonds to fund the program. (Flesch Readability Score: 62.1).
Directs the State Treasurer to develop and implement a small business support loan program that aids in supporting the economic activities of small businesses during times in which small businesses cannot conduct business activities at an ordinary or customary level because of a statewide or regional emergency or other significant disruption of business activity. Specifies the structure and funding for the program and describes features that the program must include.
Specifies eligibility for small business support loans. Authorizes the State Treasurer to issue bonds to fund the program. Establishes the Small Business Support Loan Fund.
Declares an emergency, effective on passage.
Relating to: Relating to support loans for small business activity in this state; declaring an emergency.
Current location: In House Committee