Economic development: Capital Access Loan Program.
Existing law establishes the Capital Access Loan Program to assist small businesses in financing the costs of complying with environmental mandates and the remediation of contamination on their properties, as specified. Existing law establishes within the program the California Americans with Disabilities Small Business Capital Access Loan Program (ADA program) to assist small businesses in financing the costs of projects that alter or retrofit existing small business facilities to comply with the federal Americans with Disabilities Act. Existing law requires moneys in the ADA program fund, which is continuously appropriated, to be used for contributions in support of qualified loans, costs to educate the small business community and participating lenders about the program, and administrative expenditures, as specified. Existing law, for the purposes of the ADA program, defines a small business as a business that has less than $1,000,000 in total gross annual income and meets other requirements. Under existing law, the California Pollution Control Financing Authority administers these programs and is authorized to establish small business assistance funds for certain purposes, including, among others, funding the programs.
us/states/ca
California Legislature
20172018
AB 1553
California AB 1553 (20172018)
bill
appropriation
Economic development: Capital Access Loan Program.
California AB 1553 (20172018) — Economic development: Capital Access Loan Program.
Existing law establishes the Capital Access Loan Program to assist small businesses in financing the costs of complying with environmental mandates and the remediation of contamination on their properties, as specified. Existing law establishes within the program the California Americans with Disabilities Small Business Capital Access Loan Program (ADA program) to assist small businesses in financing the costs of projects that alter or retrofit existing small business facilities to comply with the federal Americans with Disabilities Act. Existing law requires moneys in the ADA program fund, which is continuously appropriated, to be used for contributions in support of qualified loans, costs to educate the small business community and participating lenders about the program, and administrative expenditures, as specified. Existing law, for the purposes of the ADA program, defines a small business as a business that has less than $1,000,000 in total gross annual income and meets other requirements. Under existing law, the California Pollution Control Financing Authority administers these programs and is authorized to establish small business assistance funds for certain purposes, including, among others, funding the programs.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
3rd Reading AB1553 Cervantes et al. By Mitchell — 40–0 (pass) · upper
Placed on suspense file — 7–0 (pass) · upper
AB 1553 CERVANTES Concurrence in Senate Amendments — 79–0 (pass) · lower
Do pass — 7–0 (pass) · upper
Sponsors
Cervantes — primary (person)
Gomez — author (person)
Timeline
The legislative action history — every referral, reading, and vote.
2017-02-17 Read first time. To print. reading-1
2017-02-19 From printer. May be heard in committee March 21.
2017-03-30 Referred to Com. on B. & F. referral-committee
2017-03-30 From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended. amendment-introduction, amendment-passage, reading-2, reading-1
2017-04-03 Re-referred to Com. on B. & F. referral-committee
2017-04-04 In committee: Hearing postponed by committee.
2017-04-25 From committee: Do pass and re-refer to Com. on APPR. (Ayes 10. Noes 0.) (April 24). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2017-05-10 In committee: Set, first hearing. Referred to APPR. suspense file. referral-committee
2017-05-26 From committee: Amend, and do pass as amended. (Ayes 16. Noes 0.) (May 26). amendment-passage, committee-passage, amendment-introduction
2017-05-26 Read second time and amended. Ordered returned to second reading. reading-1, amendment-passage, reading-2
2017-05-30 Read second time. Ordered to third reading. reading-2, reading-1
2017-05-31 Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 1985.) reading-3, passage, reading-1
2017-06-01 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2017-06-14 Referred to Com. on B., P. & E.D. referral-committee
2017-06-15 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B., P. & E.D. amendment-passage, referral-committee, reading-2, reading-1, amendment-introduction
2017-06-27 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B., P. & E.D. amendment-passage, referral-committee, reading-2, reading-1, amendment-introduction
2017-07-03 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 6. Noes 0.) (July 3). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2017-07-17 In committee: Referred to APPR. suspense file. referral-committee
2017-09-01 From committee: Do pass. (Ayes 7. Noes 0.) (September 1). committee-passage-favorable, committee-passage
2017-09-05 Read second time. Ordered to third reading. reading-2, reading-1
2017-09-11 Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0. Page 2703.). reading-3, passage, reading-1
2017-09-12 In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 14 pursuant to Assembly Rule 77.
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