Budget Amendment ID: FY2016-S3-360

ECO 360

Common Capital

Mr. Humason, Ms. Gobi, Messrs. Ross and Pacheco moved that the proposed new text be amended in section 2, by inserting after item 7007-0800 the following item:-

"7007-0801 For grants up to $100,000 to be issued for to established Community Development Financial Institution who are Community Advantage Lenders and SBA Microenterprise lenders for making microenterprise and small business loans 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"