An Act empowering disadvantaged state contractors” provides up-front down payments and bridge loans to socially or economically disadvantaged microbusinesses and small businesses that secure state contracts through CDFIs and non-traditional lenders
Summary
By Representative Williams of Springfield, a petition (accompanied by bill, House, No. 315) of Bud L. Williams relative to low interest loans and procurement downpayment for certain micro- and small businesses. Community Development and Small Businesses.
Bill status
passed
3 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Oct 2025
Senate Passage
Feb 2025
Governor
Introduced Feb 27, 2025
Last action Oct 9, 2025
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
5
Key actions
2
Committee
2
Oct 9, 2025
Lower · Passed
Bill reported favorably by committee and referred to the committee on House Ways and Means
lower
Feb 27, 2025
Upper · Passed
Senate concurred
upper
Feb 27, 2025
Committee
Referred to the committee on Community Development and Small Businesses
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bud Williams
DDemocratic
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