Oregon House Bill 2820 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on June 30 2019 - 100% progression
Action: 2019-06-30 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Establishes Local Markets Small Business Capital Loan Program to be administered by Oregon Business Development Department for purpose of making interest-only loans to allow businesses with not more than 50 employees to hire new employees. Requires payment of principal plus penalty for failure to hire and retain employees for at least two years. Establishes Local Markets Small Business Capital Loan Fund for purpose of administering loan program. Appropriates moneys to department for purpose of administering loan program and loan fund.

Relating to interest-only loans to assist small businesses to increase employment.

Rep. Paul Evans [D]

Date	Chamber	Action
2019-06-30	House	In committee upon adjournment.
2019-02-04	House	Referred to Economic Development with subsequent referral to Ways and Means.
2019-01-28	House	First reading. Referred to Speaker's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2019R1/Measures/Overview/HB2820
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/HB2820/Introduced