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Key Votes

SF 301 - Low Interest Loans for Small Businesses - Key Vote

Iowa Key Votes

Steve Sodders voted Yea (Passage) on this Legislation.

Read statements Steve Sodders made in this general time period.

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Legislation - Bill Passed (Senate) (26-24) - (Key vote)

Title: Low Interest Loans for Small Businesses

Vote Smart's Synopsis:

Vote to pass a bill that makes changes to the administration of the Save Our Small Businesses Fund.

Highlights:
  • Authorizes the Save Our Small Businesses Fund department to negotiate the terms on which financial assistance is provided and provide up to six months of interest-free financing for qualifying businesses (Sec. 2).
  • Specifies that if any unobligated money exists in the fund on March 31, 2012, the unobligated money shall be deposited into the general fund (Sec. 1).
  • Increases the percent of funds appropriated that the department may use for administrative purposes from 2 percent to 3 percent (Sec. 5).
  • Specifies that moneys appropriated to the fund that remain unused at the close of the fiscal year shall not revert but shall remain available for expenditure (Sec. 5).
Legislation - Referred to Committee (House) -
Legislation - Introduced (Senate) -

Title: Low Interest Loans for Small Businesses

Committee Sponsors

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