Title 11, Public Finance

In developing criteria for awarding grants to microloan delivery organizations, the department shall consider the organization's: (1) plan for providing business development services and microloans to microenterprises; (2) plan for securing loan assistance from financial institut…

Authorized funds may be awarded as a grant to a microloan delivery organization if: (1) the authorized funds granted are matched by the microloan delivery organization with nonstate funds equivalent in money or in kind equal to one dollar for each one dollar of the grant funds re…

A grant made by the department to a microloan delivery organization may be used to: (1) satisfy matching fund requirements for other federal or private grants; (2) establish a revolving loan fund from which the microloan delivery organization may make loans to microenterprises; (…

If the department enters into a contractual relationship with a statewide microlending support organization, the contract must state that: (1) authorized funds granted to the statewide microlending support organization must be matched by the organization with nonstate funds equiv…

The department shall submit an annual report to the Governor and the General Assembly before January first of each year that must include, but is not limited to, the demand for grants and a description of the type of applicants who have sought grants from the Microenterprise Part…