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Bill > A4258
NJ A4258
NJ A4258Establishes Veteran-Owned Business Contract Financing Loan Program in EDA to help certain veteran-owned businesses perform public contracts; appropriates $5 million.
summary
Introduced
06/13/2022
06/13/2022
In Committee
06/13/2022
06/13/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Establishes Veteran-Owned Business Contract Financing Loan Program in EDA to help certain veteran-owned businesses perform public contracts; appropriates $5 million.
AI Summary
This bill establishes the Veteran-Owned Business Contract Financing Loan Program within the New Jersey Economic Development Authority (EDA) to assist veteran-owned businesses and service-disabled veteran-owned businesses in performing public contracts. The program will provide low-interest loans of up to $500,000 to eligible businesses that have secured a contract but lack sufficient financial resources to perform it. The bill appropriates $5 million to the Veteran-Owned Business Contract Financing Loan Fund, a revolving fund maintained by the EDA to support the loan program.
Committee Categories
Military Affairs and Security
Sponsors (6)
Bill Moen (D)*,
Paul Moriarty (D)*,
Gabriela Mosquera (D)*,
Kimberly Eulner (R),
Marilyn Piperno (R),
Beth Sawyer (R),
Last Action
Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 06/13/2022)
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/bill-search/2022/A4258 |
| BillText | https://pub.njleg.gov/Bills/2022/A4500/4258_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A4500/4258_I1.PDF |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A4500/4258_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A4500/4258_I1.PDF |
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