620.1072. Microenterprise loan fund created--purpose--lapse into general revenue prohibited--percentage to be reserved for female-owned microenterprises.
Microenterprise loan fund created--purpose--lapse into generalrevenue prohibited--percentage to be reserved for female-ownedmicroenterprises.
620.1072. 1. The "Microenterprise Revolving Loan Fund" is herebycreated in the state treasury. The fund shall consist of all moneysappropriated to it by the general assembly, all gifts, grants and bequestsfrom federal, private or any other source, and all repayment of moneys fromeligible lenders, for the purpose of assisting new or expandingmicroenterprises. Notwithstanding the provisions of section 33.080, RSMo,no portion of the fund shall be transferred to the general revenue fund atthe end of any biennium.
2. Diligent efforts to assure that at least thirty percent of themoneys in the fund shall be available to, and reserved for, female-ownedmicroenterprises.
(L. 1994 H.B. 1248 & 1048 § 11, A.L. 1997 2d Ex. Sess. S.B. 1)Effective 12-23-97