Language Page 472, after line 23, insert: "394.10 Regulated Businesses Support Services $0$15,000,000 Fund Sources: General $0 $15,000,000 "
Explanation
(This amendment establishes a special nonreverting fund for the sole purpose of providing low-interest and zero-interest loans to social equity qualified cannabis licensees in order to foster business ownership and economic growth within communities who have been the most disproportionately impacted by the former prohibition of cannabis in accordance with SB 1406. It is the intent that Alcoholic Beverage Control Authority shall contract with a community development financial institution to administer the loans.)