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DIGEST OF INTRODUCED BILL
Capital access program. Defines "lender", for purposes of the economic development corporation's capital access program, to be a lender that is approved by the corporation as responsible and able to service a loan properly. Provides that the definition of "small disadvantaged business" under regulations promulgated by the United States Small Business Administration (rather than the definition of "disadvantaged business enterprise" under state law) applies for purposes of the capital access program.