2010 House Bill 6052

Authorize government “microenterprise business” subsidies

Introduced in the House

April 20, 2010

Introduced by Rep. Gary McDowell (D-107)

To authorize state government subsidies for "microenterprise businesses." The subsidies could be zero-interest loans or grants of up to $25,000.

Referred to the Committee on New Economy and Quality of Life

April 21, 2010

Referred to the Committee on Banking and Financial Services

April 29, 2010

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

May 12, 2010

Substitute offered

To replace the previous version of the bill with one that revises details but does not change the substance as previously described.

The substitute passed by voice vote

Amendment offered by Rep. Tom McMillin (R-45)

To require that details be posted on the internet showing the names of loan and grant recipients and how much they got.

The amendment passed by voice vote

Passed in the House 75 to 32 (details)

To authorize state government subsidies for "microenterprise businesses." The subsidies could be zero-interest loans of up to $25,000 and grants of up to $10,000.

Received in the Senate

May 13, 2010

Referred to the Committee on Commerce and Tourism