FIFTY-FIFTH LEGISLATURE

SECOND SESSION, 2022

February 2, 2022

 

 

 

Mr. Speaker:

 

    Your COMMERCE & ECONOMIC DEVELOPMENT COMMITTEE, to whom has been referred

 

HOUSE BILL 7

 

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

 

    1. On page 9, line 3, after "development", insert "projects".

 

    2. On page 16, line 15, before "zero", insert "no less than".

 

    3. On page 16, line 16, strike "on" and insert in lieu thereof" no later than".

 

    4. On page 16, after line 25, insert the following new

subsection:

 

         "G. The authority may provide a guarantee to a federally insured financial institution on behalf of a person who would otherwise be eligible as an opportunity enterprise partner; provided that the proceeds of any guaranteed loan are used for an enterprise development project. A guarantee pursuant to this subsection shall be provided subject to terms approved by the board.".,

 

and thence referred to the APPROPRIATIONS & FINANCE COMMITTEE.                            

                             Respectfully submitted,

 

 

 

                                                                 

Antonio Maestas, Chair

 

 

Adopted     Not Adopted

           (Chief Clerk)                            (Chief Clerk)

 

Date

 

 

The roll call vote was 10 For 0 Against

Yes:      10

No:       0

Excused:  None

Absent:   None

 

 

.222213.2

 

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