HOUSE CONCURRENT RESOLUTION NO. 32
(By Mr. Speaker, Mr. Kiss and Delegates Webster, Amores, Anderson, Argento, Ashley, Barker,
Beane, Boggs, Border, Brown, Browning, Butcher, Campbell, Cann, Caputo, Crosier, DeLong,
Doyle, Eldridge, Ellem, Ennis, Fragale, Hall, Hartman, Hatfield, Howard, Hrutkay, Hunt, Lane,
Long, Longstreth, Mahan, Manchin, Marshall, Martin, Michael, Miley, Moore, Palumbo, Paxton,
Perry, Pethtel, Pino, Porter, Roberts, Schoen, Spencer, Staton, Stemple, Sumner, Susman,
Swartzmiller, Tansill, Rick Thompson, Ron Thompson, Trump, Tucker, Varner, Wells, G.
White, H. White and Yost)
Requesting the Joint Committee on Government and Finance to study the creation of a small
disadvantaged business loan pool offered by certain private local financial institutions and
guaranteed by the State of West Virginia.
Whereas,
It is important to create a small disadvantaged business loan pool, to be offered
by certain private local financial institutions and guaranteed by the State, to assist in the development
of small disadvantaged businesses throughout the State for the benefit of disadvantaged individuals
and communities; and
Whereas, The citizens of the State of West Virginia realize that offering business loans
guaranteed by the State to small disadvantaged businesses benefits all citizens of the State by
encouraging small disadvantaged business growth and creating new employment opportunities in disadvantaged communities; and
Whereas, The Economic Development Authority has actively been working in conjunction
with various stakeholders to study the creation of a small disadvantaged business loan pool;
therefore, be it
Resolved by the Legislature of West Virginia:
That the Joint Committee on Government and Finance is hereby requested to study the
creation of a small disadvantaged business loan pool guaranteed by the State to encourage small
disadvantaged business growth and the creation of employment opportunities to benefit
disadvantaged individuals and communities; and, be it
Further Resolved, That the Legislature should encourage and monitor the creation of a small
disadvantaged business loan pool; and, be it
Further Resolved, That the Joint Committee on Government and Finance report to the regular
session of the Legislature, 2006, on its findings, conclusions and recommendations, together with
drafts of any legislation necessary to effectuate its recommendations; and, be it
Further Resolved, That the expenses necessary to conduct this study, to prepare a report and
to draft necessary legislation be paid from legislative appropriations to the Joint Committee on
Government and Finance.
This resolution was recommended for introduction and passage during the 2005 session of
the Legislature by Select Committee E.
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