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2003 Regular Session bill information current as of December 15, 2003 - 8:48 a.m.
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SENATE BILL 51

File Code: Economic and Community Development

Sponsored By:
Senators Exum, Astle, Britt, Conway, Della, Gladden, Grosfeld, Hooper, Kelley, Klausmeier, Lawlah, and Teitelbaum

Entitled:
Business and Economic Development - Maryland Small Business Development Financing Authority - Guaranty Fund

Synopsis:

Authorizing the Maryland Small Business Development Financing Authority to utilize its Guaranty Fund to guarantee up to 80 percent of the principal and interest of a long-term loan made by a financial institution to an applicant to refinance existing debt of the applicant.

History by Legislative Date

Senate Action
1/17
First Reading Finance
1/31
Hearing 2/11 at 1:00 p.m.
2/17
Favorable Report by Finance
2/19
Favorable Report Adopted
Second Reading Passed
2/21
Third Reading Passed (46-0)
3/31
Returned Passed
5/22
Governor vetoed - Duplicative
House Action
2/24
First Reading Economic Matters
3/10
Hearing 3/19 at 1:00 p.m.
3/31
Favorable Report by Economic Matters
3/27
Favorable Report Adopted
Second Reading Passed
3/28
Third Reading Passed (139-0)

Sponsored by:

Senator Nathaniel Exum, District 24
Senator John C. Astle, District 30
Senator Gwendolyn Britt, District 47
Senator Joan Carter Conway, District 43
Senator George W. Della, Jr., District 46
Senator Lisa A. Gladden, District 41
Senator Sharon M. Grosfeld, District 18
Senator J. Robert Hooper, District 35
Senator Delores G. Kelley, District 10
Senator Katherine A. Klausmeier, District 8
Senator Gloria Lawlah, District 26
Senator Leonard H. Teitelbaum, District 19

Bill indexed under the following Subjects:

ADMINISTRATIVE AGENCIES -see also- ELECTRONIC GOVERNMENT
LOANS -see also- MORTGAGES
SMALL BUSINESS

Bill affects the following Statute:

Article - 83A Department of Business and Economic Development
( 5-1029 )

Documents:

Bill Text: First Reading (RTF / PDF), Third Reading (RTF / PDF), Enrolled

Fiscal Note: Available (WORD / PDF)

Amendments: None offered

Roll Call Votes (Legislative dates are shown):
Senate
February 21, 2003: Third Reading Passed (46-0)
House
March 28, 2003: Third Reading Passed (139-0)


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