AB 265
Small Business and Nonprofit Recovery Fund Act.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Vetoed
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Sign in to take action- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates the Small Business Recovery Fund to provide financial assistance to small businesses and nonprofits impacted by state or local emergencies. The fund, funded through state appropriations, would offer competitive grants ranging from $2,500 to $100,000 to help these businesses recover and rebuild. A portion of the funds would also support technical assistance and capital infusion programs to aid disaster-affected areas, with the fund set to expire in 2032.
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