Amended in Assembly April 9, 2014

Amended in Assembly March 28, 2014

California Legislature—2013–14 Regular Session

Assembly Bill No. 2717

Introduced by Assembly Members Bonta and Skinner

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(Principal coauthor: Assembly Member Medina)

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February 21, 2014

An act relating to economic development, and making an appropriation begin delete thereof. end delete begin insert therefor. end insert

LEGISLATIVE COUNSEL’S DIGEST

AB 2717, as amended, Bonta. Small Business Development Center Program: appropriation.

Existing law establishes the California Economic Development Fund and authorizes the Governor’s Office of Business and Economic Development, upon appropriation by the Legislature, to provide matching funds for economic development purposes from that fund.

This bill would appropriate $6 million from the General Fund to the California Economic Development Fund to provide a cash match for federal funds to administrative lead centers that have contracts with the United States Small Business Administration to administer the federal Small Business Development Center Program in California, subject to a specified condition. This bill would begin delete only end delete become operative begin insert only end insert if AB 2670 of the 2013-14 Regular Session is enacted and becomes operative.

Vote: ²⁄₃. Appropriation: yes. Fiscal committee: yes. State-mandated local program: no.

The people of the State of California do enact as follows:

SECTION 1.  

(a) Six million dollars ($6,000,000) is hereby
appropriated from the General Fund to the California Economic
Development Fund, established pursuant to subdivision (a) of
Section 13997.6 of the Government Code, to provide a cash match
for administrative lead centers that have contracts with the United
States Small Business Administration to administer the federal
Small Business Development Center Program in California. Funds
shall begin delete only end delete be awarded begin insert only end insert to an administrative lead center that
submits written confirmation from the regional administrator of
the United States Small Business Administration documenting
that the state funds will be matched by federal funds on a
one-for-one basis.

(b) This act shall begin delete only end delete become operative begin insert only end insert if Assembly Bill
2670 of the 2013-14 Regular Session is enacted and becomes
operative.