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Senate moves small‑business emergency bridge loan program to State Lands, lowers maximum loan and funding; amendment passes
Summary
Lawmakers approved an amendment shifting a proposed small‑business emergency bridge loan program from the Department of Agriculture to the Office of State Lands and Investments, halving maximum loan size and cutting the initial appropriation; the amended bill later passed the Senate.
Senators on Feb. 12 approved an amendment to Senate File 195 that moves a proposed Small Business Emergency Bridge Loan Program from the Department of Agriculture to the Office of State Lands and Investments and reduces the maximum emergency loan and the initial appropriation.
Senator Hicks explained the amendment during third reading: the Office of State…
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