Bill
Bill > A5788
NJ A5788
Requires EDA administer small business loan program to provide loans to small businesses owned or controlled by certain veterans.
summary
Introduced
11/07/2019
11/07/2019
In Committee
11/07/2019
11/07/2019
Crossed Over
Passed
Dead
01/08/2020
01/08/2020
Introduced Session
2018-2019 Regular Session
Bill Summary
This bill requires the New Jersey Economic Development Authority (EDA), to the greatest extent practicable, to administer an existing small business loan program in a manner to provide that at least 12 percent of all moneys directly loaned under the program in any calendar year are loaned to eligible small businesses that are owned or controlled by one or more veterans, with priority given to businesses owned or controlled by veterans who have been declared as having a service-connected disability.
AI Summary
This bill requires the New Jersey Economic Development Authority (EDA) to administer an existing small business loan program in a manner that provides at least 12 percent of the total loans to eligible small businesses owned or controlled by veterans, with priority given to businesses owned or controlled by veterans with service-connected disabilities. The bill defines "veteran" as any resident of New Jersey who has been honorably discharged or released from active service in the U.S. Armed Forces.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development Committee (on 11/07/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bills/BillView.asp?BillNumber=A5788 |
| BillText | https://www.njleg.state.nj.us/2018/Bills/A9999/5788_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/A9999/5788_I1.PDF |
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