Bill
Bill > S3986
NJ S3986
Makes $2.5 million in federal funds available to EDA to support veteran-owned businesses in need.
summary
Introduced
06/24/2021
06/24/2021
In Committee
06/24/2021
06/24/2021
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill makes $2.5 million in federal funds available to the Economic Development Authority (EDA) to award grants to eligible veteran-owned businesses. The EDA may use up to five percent of these funds to support administrative expenses. As defined in the bill, a "veteran-owned business" is a business that has its principal place of business in the State, is independently owned and operated, and at least 51 percent of which is owned and controlled by persons who are veterans.
AI Summary
This bill makes $2.5 million in federal funds available to the Economic Development Authority (EDA) to award grants to eligible veteran-owned businesses. The EDA may use up to five percent of these funds to support administrative expenses. The bill defines a "veteran-owned business" as a business that has its principal place of business in the state, is independently owned and operated, and at least 51 percent of which is owned and controlled by persons who are veterans.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee (on 06/24/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2020/Bills/S4000/3986_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/S4000/3986_I1.PDF |
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