06RS HB725


WWW Version

The hyperlink to a bill draft that precedes a summary contains the most recent version (Introduced/GA/Enacted) of the bill. If the session has ended, the hyperlink contains the latest version of the bill at the time of sine die adjournment. Note that the summary pertains to the bill as introduced, which is often different from the most recent version.

Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.

HB 725 (BR 2212) - B. Montell

     AN ACT relating to job creation and small business development.
     Create new sections of subchapter 10 of KRS Chapter 154 to authorize the Economic Development Partnership Board to issue zero-coupon discount bonds and provide loan guarantees for master venture funds; authorize the Economic Development Cabinet to establish the small business venture capital fund as a restricted agency account, subject to appropriations from the Kentucky General Assembly for the fund; establish, for the small business venture capital fund, a cap of $4.2 billion; establish a distribution system, administered by the Economic Development Cabinet, of up to eight venture funds, which are authorized to distribute to at least 50 smaller venture funds to promote and invest in business ventures in Kentucky.

     Feb 27-introduced in House
     Feb 28-to Economic Development (H)

Kentucky Legislature Home Page | Record Front Page