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S. 822

BillFederalSenateIntroduced
Child Care Lending Pilot Act of 2003
About This Bill
Introduced
Latest Action · September 17, 2003
Sponsor introductory remarks on measure. (CR S11639)
Congress
108th (2003–2005)
Introduced
April 8, 2003
Cosponsors (16)
16D 0R
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Summary

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Child Care Lending Pilot Act of 2003 - Amends the Small Business Investment Act of 1958 to allow the proceeds of loans made through the Small Business Administration (SBA) to local development companies for plant acquisition, construction, or expansion to be used to assist small, nonprofit child care businesses, provided that: (1) the loan will be used for a sound business purpose approved by the SBA; and (2) each business receiving the assistance meets eligibility requirements applicable to for-profit businesses.

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