The department shall establish, contingent on the availability of funds authorized for the program, a microenterprise development program and a microenterprise development revolving fund to provide grants, loans, loan guarantees, financial or technical assistance, or any other necessary support and assistance to a person beginning or expanding a small business, as defined in section 16.1, subsection 36. For the fiscal year beginning July 1, 1990, the program shall include the following programs:
1. The self-employment loan program under section 15.241.
2. The case management program under section 15.246.
3. The targeted small business financial assistance program under section 15.247.
4. The department shall review the microenterprise development program and may include different programs than those designated in subsections 1, 2, and 3 for fiscal years beginning on or after July 1, 1991.
5. Repayments of loans under the programs listed in subsections 1, 2, and 3 received through June 30, 1991, shall be repaid to the Iowa community development loan fund created pursuant to section 15E.120. Repayments of loans under the programs listed in subsections 1, 2, and 3 on or after July 1, 1991, shall be deposited in the revolving loan fund created in this section.
90 Acts, ch 1262, § 24
Previous Section 15.233
Next Section 15.241
© 1999 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Mar 18 15:00:31 CST 1999
URL: /DOCS/IACODE/1999/15/240.html
jhf