CS/HB 1551 (2010) -  Black Business Investment Board, Inc.

General Bill by Economic Development Policy Committee and Carroll (CO-SPONSORS) Ambler
Black Business Investment Board, Inc.: Deletes description of BBIB as public-private entity; requires BBIB to assist OTTED in creating long-range strategic policy for Black Business Loan Program; revises entities with whom BBIB may create partnerships; revises membership of board of directors; provides for certain members to be ex officio, nonvoting members; revises requirements for selection, removal, & terms of chair & vice chair; requires that, upon dissolution of BBIB, asset not acquired through use of state funds be returned to donor who provided asset; requires BBIB to aid development & expansion of black business enterprises by leveraging federal, state, local, & private funds; requires BBIB to collaborate with agencies of federal, state, & local governments, private entities, nonprofit organizations, & national organizations; revises dates by which applications for loans from Black Business Loan Program must be received & processed by OTTED; revises eligibility requirements for program recipients; revises date by which OTTED must distribute appropriations to program recipients; deletes provisions providing for BBIB to recommend certification of eligible recipients for loans; revises percentages of program funds that recipient may use for certain purposes; authorizes OTTED to bring civil action against entity that unlawfully holds itself out as black business investment corporation; deletes provision relating to black contractors bonding program, which requires board to provide assistance to OSD; requires that recipients of loans from Black Business Loan Program provide quarterly reports to OTTED; requires that OTTED compile summary of quarterly reports from loan recipients & submit copy of summary to board; requires that OTTED & BBIB provide annual reports to Governor & Legislature.
Effective Date: May 7, 2010
Last Event: 05/07/10 Chapter No. 2010-39 on Friday, May 7, 2010 4:21 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 1720 Subject: Black Business Investment Board, Inc. [CPSC] Relationship: Identical

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Economic Development & Community Affairs Policy Council 4/7/2010 8:34:02 PM
Chamber: House Committee: Economic Development & Community Affairs Policy Council 4/5/2010 5:12:13 PM
Chamber: House Committee: Economic Development Policy Committee 3/18/2010 3:07:47 PM
Chamber: House Committee: Economic Development Policy Committee 3/15/2010 4:58:07 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 04/26/2010 10:23 AM   Yeas: 108 Nays: 0 Action: Passage Action 2: Vote Detail: Vote [Seq# 935] Barcode:
Chamber: Senate Date: 04/27/2010 12:01 PM   Yeas: 38 Nays: 0 Action: Action 2: Vote Detail: Vote [Seq# 15] Barcode:

Bill History

Event Time Member Committee Ver.
Event: Chapter No. 2010-39 Time: 05/07/2010 - 4:21 PM Member: Committee: Version: er
Event: Approved by Governor Time: 05/07/2010 - 3:14 PM Member: Committee: Version: er
Event: Signed by Officers and presented to Governor -HJ 01700 Time: 04/30/2010 - 2:01 PM Member: Committee: Version: er
Event: H Ordered enrolled Time: 04/27/2010 - 12:29 PM Member: Committee: Version: c1
Event: H In Messages Time: 04/27/2010 - 12:29 PM Member: Committee: Version: c1
Event: S CS passed; YEAS 38 NAYS 0 -SJ 00890 Time: 04/27/2010 - 12:01 PM Member: Committee: Version: er
Event: S Read 3rd time -SJ 00890 Time: 04/27/2010 - 12:01 PM Member: Committee: Version: er
Event: S Read 2nd time -SJ 00855 Time: 04/26/2010 - 4:25 PM Member: Committee: Version: er
Event: S Substituted for CS/SB 1720 -SJ 00855 Time: 04/26/2010 - 4:25 PM Member: Committee: Version: er
Event: S Withdrawn from Commerce; Governmental Oversight and Accountability; Transportation and Economic Development Appropriations -SJ 00854 Time: 04/26/2010 - 4:24 PM Member: Committee: Version: er
Event: S Referred to Commerce; Governmental Oversight and Accountability; Transportation and Economic Development Appropriations -SJ 00871 Time: 04/26/2010 - 11:17 AM Member: Committee: Version: er
Event: S Received -SJ 00871 Time: 04/26/2010 - 11:17 AM Member: Committee: Version: er
Event: S In Messages Time: 04/26/2010 - 10:56 AM Member: Committee: Version: er
Event: H Message sent to senate Time: 04/26/2010 - 10:52 AM Member: Committee: Version: c1
Event: H Passage on third reading Time: 04/26/2010 - 10:23 AM Member: Committee: Version: c1
Event: H CS passed; YEAS 108, NAYS 0 Time: 04/26/2010 - 10:23 AM Member: Committee: Version: c1
Event: H Read 3rd time Time: 04/26/2010 - 10:23 AM Member: Committee: Version: c1
Event: H Added to Third Reading Calendar Time: 04/22/2010 - 9:38 PM Member: Committee: Version: c1
Event: H Read 2nd time Time: 04/22/2010 - 4:44 PM Member: Committee: Version: c1
Event: H Bill added to Special Order Calendar (4/22/2010) Time: 04/20/2010 - 6:23 PM Member: Committee: Version: c1
Event: H Added to Second Reading Calendar Time: 04/07/2010 - 8:34 PM Member: Committee: Version: c1
Event: H Bill released to House Calendar Time: 04/07/2010 - 8:34 PM Member: Committee: Version: c1
Event: H Reported out of Economic Development & Community Affairs Policy Council Time: 04/07/2010 - 8:34 PM Member: Committee: Economic Development & Community Affairs Policy Council Version: c1
Event: H Favorable by Economic Development & Community Affairs Policy Council Time: 04/07/2010 - 12:00 PM Member: Committee: Economic Development & Community Affairs Policy Council Version: c1
Event: H Added to Economic Development & Community Affairs Policy Council agenda Time: 04/05/2010 - 4:25 PM Member: Committee: Economic Development & Community Affairs Policy Council Version: c1
Event: H Now in Economic Development & Community Affairs Policy Council Time: 03/19/2010 - 5:19 PM Member: Committee: Economic Development & Community Affairs Policy Council Version: c1
Event: H Referred to Economic Development & Community Affairs Policy Council Time: 03/19/2010 - 5:19 PM Member: Committee: Economic Development & Community Affairs Policy Council Version: c1
Event: H 1st Reading Time: 03/18/2010 - 6:32 PM Member: Committee: Version: c1
Event: H CS Filed Time: 03/18/2010 - 3:12 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.20 Time: 03/18/2010 - 3:12 PM Member: Committee: Version: __
Event: H Reported out of Economic Development Policy Committee Time: 03/18/2010 - 3:06 PM Member: Committee: Economic Development Policy Committee Version: __
Event: H Favorable with CS by Economic Development Policy Committee Time: 03/17/2010 - 11:27 AM Member: Committee: Economic Development Policy Committee Version: __
Event: H Added to Economic Development Policy Committee agenda Time: 03/15/2010 - 4:28 PM Member: Committee: Economic Development Policy Committee Version: __
Event: H Now in Economic Development Policy Committee Time: 03/10/2010 - 4:16 PM Member: Committee: Economic Development Policy Committee Version: __
Event: H Referred to Economic Development & Community Affairs Policy Council Time: 03/10/2010 - 4:16 PM Member: Committee: Economic Development & Community Affairs Policy Council Version: __
Event: H Referred to Transportation & Economic Development Appropriations Committee Time: 03/10/2010 - 4:16 PM Member: Committee: Transportation & Economic Development Appropriations Committee Version: __
Event: H Referred to Economic Development Policy Committee Time: 03/10/2010 - 4:16 PM Member: Committee: Economic Development Policy Committee Version: __
Event: H 1st Reading Time: 03/02/2010 - 10:50 PM Member: Committee: Version: __
Event: H Filed Time: 03/01/2010 - 5:35 PM Member: Carroll Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
288.707
288.709 HB 1211
288.7091
288.7102
288.71025
288.712
288.714