The committee is responsible for the implementation of this article, including, but not limited to:
(1) Assessing the current status of small business incubators in Alabama.
(2) Establishing criteria for the awarding of any grants.
(3) Reviewing and approving applications for grants.
(4) Creating an advisory council of knowledgeable entrepreneurial developers to assist the committee in establishing any policies and procedures pursuant to this article.
Structure Code of Alabama
Chapter 23 - Department of Economic and Community Affairs.
Article 4 - Alabama Small Business Incubator Act.
Section 41-23-60 - Short Title.
Section 41-23-61 - Definitions.
Section 41-23-62 - Responsibilities of Loan Policy Committee.
Section 41-23-64 - Establishment of Grant Programs.
Section 41-23-65 - Use of Funds; Remuneration.
Section 41-23-66 - Disbursed Grant Funds Not Utilized to Revert to Loans; Repayment.