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The Florida Senate

HB 807: Florida Microfinance Act

GENERAL BILL by Pritchett

Florida Microfinance Act; Revises Microfinance Loan Program & Microfinance Guarantee Program; revises legislative intent & conforms terminology; provides that EFI rather than DEO is responsible for entering into funding agreements with loan administrators; revises loan administrator qualifications & contracting requirements; authorizes microloan interest charges & fees; revises loan administrator fees; revises microloan eligibility; revises requirements for administrative contract between DEO & EFI; revises eligibility & terms for loan guarantees; authorizes surety bond guarantees; revises annual reporting requirements; revises timeline for report by EDR.

Effective Date: 7/1/2016
Last Action: 3/11/2016 House - Died in Economic Development and Tourism Subcommittee
Bill Text: PDF

Bill History

Date Chamber Action
11/30/2015 House • Filed
12/10/2015 House • Referred to Economic Development and Tourism Subcommittee; Transportation and Economic Development Appropriations Subcommittee; Economic Affairs Committee -HJ 70
1/12/2016 House • Introduced -HJ 70
3/11/2016 House • Died in Economic Development and Tourism Subcommittee