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Bill > S582


NJ S582

NJ S582
Expands EDA small business loan program to include certain broadband telecommunications service providers.


summary

Introduced
01/11/2022
In Committee
01/11/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

Expands EDA small business loan program to include certain broadband telecommunications service providers.

AI Summary

This bill expands the Economic Development Authority (EDA) small business loan program to include certain broadband telecommunications service providers. The bill defines "broadband telecommunications service" and "broadband telecommunications service provider," and includes these providers as eligible small businesses under the loan program. The authority is required to consult with the Board of Public Utilities in administering the program for broadband providers, similar to how it consults with the Department of Agriculture for eligible farming operations and qualified dairy farmers. The bill also makes some technical changes to the existing law.

Committee Categories

Business and Industry

Sponsors (3)

Last Action

Introduced in the Senate, Referred to Senate Economic Growth Committee (on 01/11/2022)

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