Laserfiche WebLink
5�2oo�-I C. e_av) QL2 P( v-c <br /> AB 1061 (Costa) <br /> • expands Priority "B" class to include an owner or operator which is a LiI4 <br /> county. or district that receives total annual revenues of not more than $7M <br /> . expands Priority "C" class to include an owner or operator which is a city, <br /> county, or district that employs fewer than 500 full—time and part—time <br /> employees <br /> . adds non—profit organizations to either Priority B or C <br /> • in all cases, these claimants will go to the bottom of each priority class <br /> � AB 2040 (Weggeland) <br /> • amends the definition of a "small business", for the purpose of the Dept. of <br /> Trade and Commerce's (DTC) Loan Program to be the same as defined in <br /> the federal Small Business Procurement and Contract Act and specified <br /> federal regulations <br /> • expands the definition of "tank", for the purposes of the DTC's Loan Program <br /> to specifically include specified vapor recovery systems and dispensers <br /> ( • decreases the minimum loan amount from $30K to $1 OK <br /> • eliminates the maximum loan amount of $50K per tank <br /> increases the percentage that loan funds could be used for from 90% to up <br /> 100% of project costs <br /> • allows the DTC to expend interest accruing on interest payments from loan <br /> applicants or interest earned on funds in the account, upon appropriation <br /> by the Le islature for administrative expenses <br />