EXPLANATION-Matter enclosed in bold-faced brackets [thus] in this bill is not enacted
and is intended to be omitted in the law.
FIRST REGULAR SESSION
SENATE BILL NO. 566
103RD GENERAL ASSEMBLY
INTRODUCED BY SENATOR CRAWFORD.
2126S.01I KRISTINA MARTIN, Secretary
AN ACT
To repeal section 620.3250, RSMo, and to enact in lieu thereof one new section relating to certain
veteran-owned small businesses.
Be it enacted by the General Assembly of the State of Missouri, as follows:
Section A. Section 620.3250, RSMo, is repealed and one 1
new section enacted in lieu thereof, to be known as section 2
620.3250, to read as follows:3
620.3250. 1. Any veteran who receives a small 1
business loan through the state treasurer's linked deposit 2
program set forth in sections 30.750 to 30.765 [shall also 3
be subject to the provisions of this section. 4
2.] may, after receiving a loan from an eligibl e 5
lending institution, as that term is defined in subdivision 6
(10) of section 30.750, [the owner of a veteran -owned small 7
business shall] complete a boots-to-business program that is 8
approved by the department. 9
[3.] 2. After receiving a loan from an eligible 10
lending institution, as that term is defined in subdivision 11
(10) of section 30.750, the owner of a veteran -owned small 12
business participating in the boots -to-business program will 13
be assigned a mentor for the three hundred sixty -five days 14
following the date of approval. The boots-to-business 15
program shall give the participating owner [shall] the 16
opportunity to meet with his or her mentor at least once 17
every ninety days. 18 SB 566 2
[4.] 3. The department may adopt rules in establishing 19
or approving boots-to-business programs under subsection [2] 20
1 of this section and mentor programs under subsection [3] 2 21
of this section. 22
[5.] 4. Any rule or portion of a rule, as that term is 23
defined in section 536.010, that is created under the 24
authority delegated in this section shall become effective 25
only if it complies with and is subject to all of the 26
provisions of chapter 536 and, if applicable, section 27
536.028. This section and chapter 536 are nonseverable, and 28
if any of the powers veste d with the general assembly 29
pursuant to chapter 536 to review, to delay the effective 30
date, or to disapprove and annul a rule are subsequently 31
held unconstitutional, then the grant of rulemaking 32
authority and any rule proposed or adopted after August 2 8, 33
2018, shall be invalid and void. 34