The bill amends Section 42-64.25-6 of the General Laws concerning the Small Business Assistance Program by introducing a new provision for micro-loan allocation. It mandates that not less than ten percent (10%) of program funds be designated for micro loans. For the fiscal year 25-26, the sum of two million dollars ($2,000,000) is appropriated from the general revenue fund to support this micro-loan program. The act is set to take effect immediately upon passage.

Statutes affected:
5469: 42-64.25-6