Bill Text: CA AB2717 | 2013-2014 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Small Business Development Center Program: appropriation.

Spectrum: Partisan Bill (Democrat 7-0)

Status: (Introduced - Dead) 2014-05-28 - Re-referred to Com. on APPR. [AB2717 Detail]

Download: California-2013-AB2717-Amended.html

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BILL NUMBER: AB 2717	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  APRIL 9, 2014
	AMENDED IN ASSEMBLY  MARCH 28, 2014

INTRODUCED BY   Assembly Members Bonta and Skinner
    (   Principal coauthor:   Assembly Member
  Medina   ) 

                        FEBRUARY 21, 2014

   An act relating to economic development, and making an
appropriation  thereof.   therefor. 


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2717, as amended, Bonta. Small Business Development Center
Program: appropriation.
   Existing law establishes the California Economic Development Fund
and authorizes the Governor's Office of Business and Economic
Development, upon appropriation by the Legislature, to provide
matching funds for economic development purposes from that fund.
   This bill would appropriate $6 million from the General Fund to
the California Economic Development Fund to provide a cash match for
federal funds to administrative lead centers that have contracts with
the United States Small Business Administration to administer the
federal Small Business Development Center Program in California,
subject to a specified condition. This bill would  only
 become operative  only  if AB 2670 of the 2013-14
Regular Session is enacted and becomes operative.
   Vote: 2/3. Appropriation: yes. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  (a) Six million dollars ($6,000,000) is hereby
appropriated from the General Fund to the California Economic
Development Fund, established pursuant to subdivision (a) of Section
13997.6 of the Government Code, to provide a cash match for
administrative lead centers that have contracts with the United
States Small Business Administration to administer the federal Small
Business Development Center Program in California. Funds shall
 only  be awarded  only  to an
administrative lead center that submits written confirmation from the
regional administrator of the United States Small Business
Administration documenting that the state funds will be matched by
federal funds on a one-for-one basis.
   (b) This act shall  only  become operative 
only  if Assembly Bill 2670 of the 2013-14 Regular Session is
enacted and becomes operative.