2025 Regular SessionKentucky Legislature

HB505: AN ACT relating to the Veteran-Owned Small Business and Entrepreneur Loan Program.

Legislative Summary

Create a new section of Subchapter 12 of KRS Chapter 154 to create the Veteran-Owned Small Business and Entrepreneur Loan Program to be administered by the Office of Entrepreneurship; establish requirements and program details; create the Veteran-Owned Small Business and Entrepreneur Loan Program fund from which the office provides loans to qualified veterans of not more than $50,000.

Demographic Impact

Overall analysis of equity impact

80% Positive
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Bill History

2/13/2025
introduced in House
House of Representatives
2/13/2025
to Committee on Committees (H)
House of Representatives
2/21/2025
to Veterans, Military Affairs, & Public Protection (H)
House of Representatives

Status Information

Current Status
Introduced(2/13/2025)
Chamber
House of Representatives
Committee
Veterans, Military Affairs, and Public Protection(House of Representatives)

Sponsors

Democrat: 2
Republican: 1

Primary Sponsor

Adam Moore
Adam Moore
Democrat

Documents

Introduced
Bill Text1/1/197029.6 KB