Budget Amendment ID: FY2014-S3-249

ECO 249

Micro Entrprise Funds

Messrs. Pacheco, Knapik and Rodrigues moved that the proposed new text be amended in section 2, in item XXXX-XXXX, "For microlending grants of up to $100,000 to be issued to established Community Development Financial Institutions and Community Advantage Lenders 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"