Maryland Senate Bill 788 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: Introduced on February 9 2021 - 25% progression, died in committee
Action: 2021-02-10 - Hearing 3/16 at 1:00 p.m. (Finance)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Establishing a Capital Access Program in the Department of Commerce for the purpose of stimulating opportunities for small businesses that may have difficulty in obtaining business financing to have access to credit by establishing a loan loss reserve program; specifying that certain loans qualify under the Program; requiring a lender to enroll a qualifying loan not more than 30 days after the date of the first disbursement; authorizing a lender to enroll all or a portion of a qualifying loan in an amount not more than $250,000; etc.

Economic Development – Small Business Financing – Loan Loss Reserve (Maryland Capital Access Program)

Sen. Katie Hester [D]	Sen. Brian Feldman [D]	Sen. Chris West [R]	Sen. Douglas Peters [D]
Sen. Benjamin Kramer [D]	Sen. Cheryl Kagan [D]

Date	Chamber	Action
2021-02-10	Senate	Hearing 3/16 at 1:00 p.m. (Finance)
2021-02-09	Senate	First Reading Finance and Budget and Taxation

HB829 (Crossfiled) 2021-05-30 - Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 704

Chapter	Article	Section	Citation Type	Statute Text
Economic Development	5	1701	(n/a)	See Bill Text
Economic Development	5	1702	(n/a)	See Bill Text
Economic Development	5	1703	(n/a)	See Bill Text
Economic Development	5	1704	(n/a)	See Bill Text
Economic Development	5	1705	(n/a)	See Bill Text
Economic Development	5	1706	(n/a)	See Bill Text
Economic Development	5	1707	(n/a)	See Bill Text
Economic Development	5	1708	(n/a)	See Bill Text

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0788?ys=2021RS
Text	https://mgaleg.maryland.gov/2021RS/bills/sb/sb0788f.pdf