LD 2203
pg. 2
Page 1 of 2 An Act to Increase the Cap on Funds Available through the Regional Economic Dev... LD 2203 Title Page
Download Bill Text
LR 3612
Item 1

 
SUMMARY

 
This bill increases the amount a corporation may receive from
the Regional Economic Development Revolving Loan Program Fund
from $1,250,000 to $2,500,000 and makes more money available to
corporations to use for reasonable administrative expenses by
increasing the commitment fee from 1% to 2% and increasing the
interest earnings cap from 5% to 7%.


Page 1 of 2 Top of Page LD 2203 Title Page