| 1 | 1 | | |
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| 2 | 2 | | EXPLANATION-Matter enclosed in bold-faced brackets [thus] in this bill is not enacted |
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| 3 | 3 | | and is intended to be omitted in the law. |
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| 4 | 4 | | FIRST REGULAR SESSION |
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| 5 | 5 | | SENATE BILL NO. 566 |
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| 6 | 6 | | 103RD GENERAL ASSEMBLY |
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| 7 | 7 | | INTRODUCED BY SENATOR CRAWFORD. |
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| 8 | 8 | | 2126S.01I KRISTINA MARTIN, Secretary |
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| 9 | 9 | | AN ACT |
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| 10 | 10 | | To repeal section 620.3250, RSMo, and to enact in lieu thereof one new section relating to certain |
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| 11 | 11 | | veteran-owned small businesses. |
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| 12 | 12 | | |
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| 13 | 13 | | Be it enacted by the General Assembly of the State of Missouri, as follows: |
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| 14 | 14 | | Section A. Section 620.3250, RSMo, is repealed and one 1 |
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| 15 | 15 | | new section enacted in lieu thereof, to be known as section 2 |
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| 16 | 16 | | 620.3250, to read as follows:3 |
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| 17 | 17 | | 620.3250. 1. Any veteran who receives a small 1 |
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| 18 | 18 | | business loan through the state treasurer's linked deposit 2 |
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| 19 | 19 | | program set forth in sections 30.750 to 30.765 [shall also 3 |
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| 20 | 20 | | be subject to the provisions of this section. 4 |
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| 21 | 21 | | 2.] may, after receiving a loan from an eligibl e 5 |
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| 22 | 22 | | lending institution, as that term is defined in subdivision 6 |
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| 23 | 23 | | (10) of section 30.750, [the owner of a veteran -owned small 7 |
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| 24 | 24 | | business shall] complete a boots-to-business program that is 8 |
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| 25 | 25 | | approved by the department. 9 |
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| 26 | 26 | | [3.] 2. After receiving a loan from an eligible 10 |
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| 27 | 27 | | lending institution, as that term is defined in subdivision 11 |
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| 28 | 28 | | (10) of section 30.750, the owner of a veteran -owned small 12 |
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| 29 | 29 | | business participating in the boots -to-business program will 13 |
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| 30 | 30 | | be assigned a mentor for the three hundred sixty -five days 14 |
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| 31 | 31 | | following the date of approval. The boots-to-business 15 |
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| 32 | 32 | | program shall give the participating owner [shall] the 16 |
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| 33 | 33 | | opportunity to meet with his or her mentor at least once 17 |
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| 34 | 34 | | every ninety days. 18 SB 566 2 |
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| 35 | 35 | | [4.] 3. The department may adopt rules in establishing 19 |
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| 36 | 36 | | or approving boots-to-business programs under subsection [2] 20 |
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| 37 | 37 | | 1 of this section and mentor programs under subsection [3] 2 21 |
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| 38 | 38 | | of this section. 22 |
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| 39 | 39 | | [5.] 4. Any rule or portion of a rule, as that term is 23 |
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| 40 | 40 | | defined in section 536.010, that is created under the 24 |
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| 41 | 41 | | authority delegated in this section shall become effective 25 |
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| 42 | 42 | | only if it complies with and is subject to all of the 26 |
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| 43 | 43 | | provisions of chapter 536 and, if applicable, section 27 |
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| 44 | 44 | | 536.028. This section and chapter 536 are nonseverable, and 28 |
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| 45 | 45 | | if any of the powers veste d with the general assembly 29 |
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| 46 | 46 | | pursuant to chapter 536 to review, to delay the effective 30 |
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| 47 | 47 | | date, or to disapprove and annul a rule are subsequently 31 |
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| 48 | 48 | | held unconstitutional, then the grant of rulemaking 32 |
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| 49 | 49 | | authority and any rule proposed or adopted after August 2 8, 33 |
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| 50 | 50 | | 2018, shall be invalid and void. 34 |
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| 51 | 51 | | |
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