Modifies provisions relating to certain veteran-owned businesses
HB 1562 requires owners of veteran-owned small businesses receiving loans from eligible lenders to complete an approved "boots-to-business" program. The bill mandates that participants be assigned a mentor for 365 days after loan approval, with at least quarterly meetings. This directly affects veteran business owners securing qualifying loans under existing state lending programs, modifying their post-loan requirements. The bill does not create new funding but adds a structured support requirement tied to loan disbursement.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 27, 2025
Last action May 15, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
May 15, 2025
Committee
Referred: Emerging Issues(H)
lower
Feb 27, 2025
Introduced
Introduced and Read First Time (H)
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bill Hardwick
RRepublican
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