HOUSE BILL NO. 1562 103RD GENERAL ASSEMBLY
INTRODUCED BY REPRESENTATIVE HARDWICK.
3190H.01I JOSEPH ENGLER, Chief Clerk
AN ACT To repeal section 620.3250, RSMo, and to enact in lieu thereof one new section relating to certain veteran-owned small businesses.
Be it enacted by the General Assembly of the state of Missouri, as follows:
Section A. Section 620.3250, RSMo, is repealed and one new section enacted in lieu 2 thereof, to be known as section 620.3250, to read as follows: 620.3250. 1. Any veteran who receives a small business loan through the state 2 treasurer's linked deposit program set forth in sections 30.750 to 30.765 [shall also be subject 3 to the provisions of this section. 4 2.] may, after receiving a loan from an eligible lending institution, as that term is 5 defined in subdivision (10) of section 30.750, [the owner of a veteran-owned small business 6 shall] complete a boots-to-business program that is approved by the department. 7 [3.] 2. After receiving a loan from an eligible lending institution, as that term is 8 defined in subdivision (10) of section 30.750, the owner of a veteran-owned small business 9 participating in the boots-to-business program will be assigned a mentor for the three 10 hundred sixty-five days following the date of approval. The boots-to-business program 11 shall give the participating owner [shall] the opportunity to meet with his or her mentor at 12 least once every ninety days. 13 [4.] 3. The department may adopt rules in establishing or approving boots-to-business 14 programs under subsection [2] 1 of this section and mentor programs under subsection [3] 2 15 of this section. 16 [5.] 4. Any rule or portion of a rule, as that term is defined in section 536.010, that is 17 created under the authority delegated in this section shall become effective only if it complies
EXPLANATION — Matter enclosed in bold-faced brackets [thus] in the above bill is not enacted and is intended to be omitted from the law. Matter in bold-face type in the above bill is proposed language. HB 1562 2
18 with and is subject to all of the provisions of chapter 536 and, if applicable, section 536.028. 19 This section and chapter 536 are nonseverable, and if any of the powers vested with the 20 general assembly pursuant to chapter 536 to review, to delay the effective date, or to 21 disapprove and annul a rule are subsequently held unconstitutional, then the grant of 22 rulemaking authority and any rule proposed or adopted after August 28, 2018, shall be invalid 23 and void. ✔
Statutes affected: