Text: SF02098 Text: SF02100 Text: SF02000 - SF02099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 12.40, subsection 1, Code Supplement 1 2 1997, is amended to read as follows: 1 3 1. As used in this section, "rural small business" means 1 4 an existing or new rural small business, for which local 1 5 competition does not exist in the principal realm of business 1 6 activity of that business, and the loss of which will work a1 7hardship on the rural community.A rural small business may1 8include a grocery store, drug store, gasoline station,1 9convenience store, hardware business, or farm supply store. A1 10rural small business does not include a new business.1 11 EXPLANATION 1 12 This bill amends the eligibility requirements under the 1 13 rural small business transfer linked investment loan program. 1 14 The bill allows rural small businesses that are either new or 1 15 existing and for which local competition does not exist in the 1 16 principal realm of business activity of that business to 1 17 participate in the program. Currently, a new rural small 1 18 business is prohibited from participating in the program. 1 19 LSB 3983XS 77 1 20 tm/jw/5
Text: SF02098 Text: SF02100 Text: SF02000 - SF02099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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