General Assembly Proposed Bill No. 730
January Session, 2017 LCO No. 3065
*03065*
Referred to Committee on COMMERCE
Introduced by:
SEN. SUZIO, 13th Dist.
General Assembly
Proposed Bill No. 730
January Session, 2017
LCO No. 3065
*03065*
Referred to Committee on COMMERCE
Introduced by:
SEN. SUZIO, 13th Dist.
AN ACT ESTABLISHING A FIRST FIVE THOUSAND PROGRAM.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That title 32 of the general statutes be amended to establish a first five thousand program that would (1) purchase the portion of loans to businesses in the state that are guaranteed by the federal Small Business Association, and (2) provide low-interest, fixed-rate, long-term financing or subsidies to individuals paying real estate closing costs.
Statement of Purpose:
To reduce the financial burden for businesses.