S.20.3-15: Southern Small Business Administration Act (Law'd)

[Holy Unifying Centrist]

Still not super happy with the overall bill, but it's a net positive

AYE

[tmthforu94]

With 6 Ayes, the bill passes and will be presented to the Governor for signature.

[President Punxsutawney Phil]

Southern Small Business Administration Act
To establish a Southern Small Business Administration

Be it enacted by the Government of the Southern Region

1. A department shall be established called the "Southern Small Business Administration"
2. The Southern Small Business Administration shall have an annual budget of $7 billion dollars. Money shall be appropriated from regional reserves. 75% shall be used for grants and 25% used for loans.
 shall be appropriated from regional reserves.
3. The Southern Small Business Administration shall administer grants and loans under $100,000 for small businesses that have under $500,000 dollars of net revenue each year.
4. The Southern Small Business Administration shall form immediately upon the passage of this bill.