Budget Amendment ID: FY2012-S3-207

ECO 207

An Amendment Relative to Community Development Financing Institutions

Messrs. Knapik, Pacheco, Downing and Rosenberg moved that the proposed new text be amended in section 2, For micro lending grants of up to $100,000, to be issued to established Community Development Financial Institutions making direct microenterprise and small business loans to borrowers on a regional basis, as well as providing technical assistance to applicants and borrowers in order to foster business establishment and success, provided that the funds will be used to support the eligible organization’s lending and technical assistance activities.................................................................................$200,000