Bill > S08884

This bill creates the federal contract workers assistance program to permit the state to provide loans to certain small businesses affected by the federal government shutdown. The program establishes eligibility criteria, an application and approval process, and outlines the details of the loan program, including that loans must be used for payroll purposes and must be repaid within 12 months. The bill also requires the commissioner to promulgate rules and regulations to carry out the provisions of the program.