§ 42-64.25-3. Establishment of small business capital access fund.
The small business capital access fund program is hereby created within the Rhode Island commerce corporation. The commerce corporation is authorized, within available appropriations, to provide direct assistance and/or partner with lending organizations to provide funding for loans to small businesses located in Rhode Island. As used in this chapter, a “small business” means a business that is resident in Rhode Island and employs two hundred (200) or fewer persons. The commerce corporation is authorized, from time to time, to establish rules and regulations for the administration of the program.
History of Section.P.L. 2015, ch. 141, art. 19, § 8.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-64.25 - Small Business Assistance Program
Section 42-64.25-1. - Short title.
Section 42-64.25-2. - Statement of intent.
Section 42-64.25-3. - Establishment of small business capital access fund.
Section 42-64.25-4. - Qualifications of lending organizations.
Section 42-64.25-5. - Program loan structures.
Section 42-64.25-6. - Micro-loan allocation.
Section 42-64.25-7. - Lending organization reports.
Section 42-64.25-9. - Termination.
Section 42-64.25-10. - Discretion.
Section 42-64.25-11. - Limitations.
Section 42-64.25-12. - Reporting requirements.