BILL ANALYSIS Ó
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THIRD READING
Bill No: AB 201
Author: Holden (D)
Amended: 8/14/13 in Senate
Vote: 21
SENATE GOVERNMENTAL ORGANIZATION COMMITTEE : 11-0, 6/11/13
AYES: Wright, Nielsen, Berryhill, Calderon, Cannella, Correa,
De León, Galgiani, Hernandez, Lieu, Padilla
SENATE APPROPRIATIONS COMMITTEE : Senate Rule 28.8
ASSEMBLY FLOOR : 74-0, 5/23/13 (Consent) - See last page for
vote
SUBJECT : Office of Small Business Advocate: small business
financial
development corporations: Internet Web site
information
SOURCE : Author
DIGEST : This bill requires the Office of Small Business
Advocate (OSBA) to post on its Internet Web site information on
the programs administered through the statewide network of small
business financial development corporations.
Senate Floor Amendments of 8/14/13 strike out the provisions of
this bill and recast the bill's language, without substantive
change, into a new section of the Government Code, rather than
the Corporations Code.
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AB 201
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ANALYSIS :
Existing law:
1. Creates the OSBA within the Governor's Office of Business and
Economic Development; and establishes the duties and
functions of the OSBA.
2. Requires the OSBA to post on its Internet Web site
information relating to starting a nonprofit corporation in
this state.
This bill requires the OSBA to post on its Internet Web site
information on the programs administered through the statewide
network of small business financial development corporations.
In addition, this bill:
1. Specifies that programs covered shall include loan
guarantees, direct lending, surety bond guarantees, and
disaster loans.
2. Requires that the information be presented in a manner
appropriate to address the needs of both small businesses and
existing and potential financial institutions and financial
companies.
Comments
According to the author, "For the past 40 years, the California
Small Business Loan Guarantee Program (SBLGP) has been
instrumental in working with banks to guarantee loans to
undercapitalized small businesses. Under the Small Business
Act, the Obama administration has allotted $78 million to SBLGP,
and the state has appropriated another $38 million. At a time
when California is striving to rebound from a long recession,
this program can play a pivotal role in making much needed
capital more accessible to thousands of small businesses so they
can expand, create new jobs, and save the jobs of existing
employees. This bill requires the Office of Small Business
Advocate to include on its website information about the SBLGP,
including a list of participating lenders, loan guarantees,
direct lending, surety bond guarantees, and disaster loans, for
small businesses to explore this resource. It also requires the
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AB 201
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information posted on the website to address the needs of both
small businesses and existing and potential financial
institutions and financial companies."
FISCAL EFFECT : Appropriation: No Fiscal Com.: Yes
Local: No
ASSEMBLY FLOOR : 74-0, 5/23/13
AYES: Achadjian, Alejo, Allen, Ammiano, Atkins, Bigelow, Bloom,
Blumenfield, Bocanegra, Bonilla, Bonta, Bradford, Brown,
Buchanan, Ian Calderon, Campos, Chau, Chávez, Chesbro, Conway,
Cooley, Dahle, Daly, Dickinson, Donnelly, Eggman, Fong, Fox,
Frazier, Beth Gaines, Garcia, Gatto, Gomez, Gordon, Gorell,
Gray, Hagman, Hall, Harkey, Roger Hernández, Jones-Sawyer,
Levine, Linder, Logue, Lowenthal, Maienschein, Mansoor,
Medina, Melendez, Mitchell, Morrell, Mullin, Muratsuchi,
Nazarian, Nestande, Olsen, Pan, Patterson, Perea, V. Manuel
Pérez, Quirk, Quirk-Silva, Rendon, Salas, Skinner, Stone,
Ting, Wagner, Weber, Wieckowski, Wilk, Williams, Yamada, John
A. Pérez
NO VOTE RECORDED: Grove, Holden, Jones, Waldron, Vacancy,
Vacancy
MW:d 8/15/13 Senate Floor Analyses
SUPPORT/OPPOSITION: NONE RECEIVED
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