|
H.B.
No. 0346 |
Wyoming
enterprise fund. |
Sponsored By: Representative(s) Simpson, Cohee, Luthi and
Quarberg
AN
ACT relating to a business enterprise program; creating a loan and business
management assistance program; specifying criteria for the program; providing
for administration; providing a continuous appropriation of funds; and
providing for an effective date.
1/31/2005 Bill Number Assigned
1/31/2005 H Received for Introduction
1/31/2005 H Introduced and Referred to H09
2/4/2005 H09 Recommended Do Pass
ROLL CALL
Ayes: Representative(s) Brechtel, Esquibel,
Hammons, Harvey, Hinckley, Latta, Lockhart, Quarberg and Samuelson
Ayes 9 Nays 0 Excused
0 Absent 0 Conflicts 0
2/4/2005 H Placed on General File
HB0346HW001/ADOPTED
Page 1-line 4 After
"providing" insert "an appropriation and".
Page 2-line 3 Delete
"person" insert "certified community development financial
institution".
Page 2-after line 5 Insert
"(ii) "Certified community
development financial institution" means a non-governmental organization
certified by the United States department of treasury whose purpose is
community development and which engages in financing and development
activities, such as training and technical assistance for businesses;".
Page 2-line 7 Delete "(ii)"
insert "(iii)".
Page 2-line 15 Delete "and
funding for administration of" insert "under".
Page 2-line 17 After
"establish" insert "and oversee".
Page 2-line 19 After
"program." insert "In contracting for administration of the
program, the council shall establish a range of interest rates and other terms
allowable to be established in administration of the program.".
Page 2-line 23 After "(i)."
insert "The range of interest rates and other terms allowable shall be
established in recognition of the economic development purposes of the program
and repayment abilities and needs of businesses eligible for loans under the
program.".
Page 3-line 4 After
"program." delete balance of the line.
Page 3-lines 5 through
8 Delete entirely.
Page 3-line 16 After "considered."
Delete balance of the line.
Page 3-lines 17
through 19 Delete entirely.
Page 3-line 20 Delete the line
through "($25,000.00).".
Page 3-line 21 After
"establish" insert "an application process, a loan approval
process,".
Page 3-line 22 After "approved"
insert "interest rates, and other pertinent policies and procedures all of
which shall take into account the economic development purposes of the program
and repayment abilities and needs of businesses eligible for loans under the
program.".
Page 4-line 10 After
"collateralized" insert "or risks are sufficiently
mitigated"; after "collateral" insert "policy".
Page 4-line 17 Before "All"
insert "The administrator shall receive funding under the program
designated to be used only for loans and other funds for costs of
administration and management assistance to businesses.".
Page 4-line 18 Delete
"redeposited into the" insert "made directly to the
administrator who shall be responsible for collections. The".
Page 4-line 19 Delete
"which".
Page 4-line 20 Delete
"administering this".
Page 4-line 21 Delete the line
through "it." insert "providing loans under this article. At the end of the contract period, the
council shall collect all loan repayments received by the administrator under
the program and deposit those funds into the Wyoming enterprise account.".
Page 6-line 16 After
"Wyoming" insert "enterprise".
Page 7-after line 19 Insert: "Section 3. There is appropriated from the general fund
to the Wyoming business council two hundred ninety four thousand five hundred
dollars ($294,500.00) for administration of the Wyoming enterprise loan program
created by this act.".
Page 8-line 1 Delete "Section
3." Insert "Section 4." SIMPSON
2/7/2005 H Passed CoW
2/8/2005 H Passed 2nd Reading
2/9/2005 H Passed 3rd Reading
ROLL CALL
Ayes: Representative(s) Alden, Anderson, R.,
Bagby, Barnard, Berger, Brechtel, Brown, Buchanan, Bucholz, Childers, Cohee,
Davison, Diercks, Edwards, Esquibel, Gay, Gilmore, Gingery, Goggles, Hageman,
Hammons, Harshman, Harvey, Hastert, Hinckley, Iekel, Illoway, Jackson, Jones,
Landon, Latta, Lockhart, Lubnau, Luthi, Martin, McOmie, Meuli, Miller, Morgan,
Olsen, Osborn, Pedersen, Petersen, Philp, Powers, Quarberg, Reese, Robinson,
Samuelson, Semlek, Simpson, Slater, Thompson, Walsh, Warren, Wasserburger,
Watt, White and Zwonitzer.
Excused:
Representative(s) Jorgensen
Ayes 59 Nays 0 Excused
1 Absent 0 Conflicts 0
2/10/2005 S Received for Introduction
2/11/2005 S Introduced and Referred to S09
3/2/2005 S Motion to Do Pass Failed
ROLL CALL
Nays:
Senator(s) Coe, Hawks, Jennings, Townsend and Vasey
Ayes 0 Nays 5 Excused
0 Absent 0 Conflicts 0
3/2/2005 S Committee Returned Bill Pursuant to SR 7-3(c)