Connecticut 2019 Regular Session

Connecticut Senate Bill SB01074 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1
2	2
3		-	LCO 5854 \\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-01074-R01-
4		-	SB.docx
5		-	1 of 3
	3	+	LCO No. 5854 1 of 3
6	4
7	5		General Assembly Raised Bill No. 1074
8	6		January Session, 2019
9	7		LCO No. 5854
10	8
11	9
12		-	Referred to Committee on PLANNING AND
13		-	DEVELOPMENT
	10	+	Referred to Committee on PLANNING AND DEVELOPMENT
14	11
15	12
16	13		Introduced by:
17	14		(PD)
	15	+
18	16
19	17
20	18
21	19		AN ACT CONCERNING EC ONOMIC DEVELOPMENT.
22	20		Be it enacted by the Senate and House of Representatives in General
23	21		Assembly convened:
24	22
25	23		Section 1. Section 8-240p of the general statutes is repealed and the 1
26	24		following is substituted in lieu thereof (Effective October 1, 2019): 2
27	25		There is established a pilot microloan program for microenterprises 3
28	26		under which the Commissioner of Economic and Community 4
29	27		Development shall make grants to the Community Economic 5
30	28		Development Fund or any other regional revolving loan programs 6
31	29		[within the] in this state. Said fund shall use such grants to support the 7
32	30		growth and development of microenterprises. 8
33	31		Sec. 2. Section 8-240q of the general statutes is repealed and the 9
34	32		following is substituted in lieu thereof (Effective October 1, 2019): 10
35	33		The grants provided under section 8-240p, as amended by this act, 11
36	34		shall be used to: 12
37	35		(1) Identify appropriate microloan applicants [state-wide] in this 13
38	36		state; 14 Raised Bill No. 1074
39	37
40	38
41		-	LCO 5854 {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-01074-
42		-	R01-SB.docx }
43		-	2 of 3
	39	+
	40	+	LCO No. 5854 2 of 3
44	41
45	42		(2) Evaluate the need for a prospective microloan applicant's 15
46	43		business in the community in which the microenterprise is or would be 16
47	44		located; 17
48	45		(3) Evaluate community support for a prospective microloan 18
49	46		applicant's business in the community in which the microenterprise is 19
50	47		or would be located; 20
51	48		(4) Work in conjunction with other community-based nonprofit 21
52	49		organizations, state and federal agencies and with the Community 22
53	50		Economic Development Fund or any other regional revolving loan 23
54	51		programs [within the] in this state to assist prospective microloan 24
55	52		applicants in preparing and finalizing business plans; 25
56	53		(5) Assist prospective microloan applicants in identifying and 26
57	54		accessing other appropriate business resources, including those 27
58	55		providing business management training; 28
59	56		(6) Track client data, level of service and outcome of services 29
60	57		provided; and 30
61	58		(7) Promote microenterprises and coordinate the delivery of services 31
62	59		by microenterprise support organizations to microenterprises. 32
63	60		Sec. 3. Section 8-240r of the general statutes is repealed and the 33
64	61		following is substituted in lieu thereof (Effective October 1, 2019): 34
65	62		The Community Economic Development Fund or any other 35
66	63		regional revolving loan programs [within the] in this state shall 36
67	64		consider the following criteria in making a grant to a microloan 37
68	65		generating organization: 38
69	66		(1) Sources and sufficiency of operating funds for the microloan 39
70	67		generating organization; 40
71	68		(2) The ability of the microloan generating organization to provide 41
72	69		the services required under section 8-240q, as amended by this act; and 42 Raised Bill No. 1074
73	70
74	71
75		-	LCO 5854 {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-01074-
76		-	R01-SB.docx }
77		-	3 of 3
	72	+
	73	+	LCO No. 5854 3 of 3
78	74
79	75		(3) The proven ability of the microloan generating organization to 43
80	76		identify and prepare successful applicants to economic assistance 44
81	77		programs similar to the program established in section 8-240q, as 45
82	78		amended by this act. 46
83	79		This act shall take effect as follows and shall amend the following
84	80		sections:
85	81
86	82		Section 1 October 1, 2019 8-240p
87	83		Sec. 2 October 1, 2019 8-240q
88	84		Sec. 3 October 1, 2019 8-240r
89	85
90		-	PD Joint Favorable
	86	+	Statement of Purpose:
	87	+	To make technical corrections.
	88	+	[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline,
	89	+	except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is
	90	+	not underlined.]
91	91