1368-S AMH CHAM VANJ 048

  

SHB 1368 - H AMD 28

By Representative Chambers

ADOPTED 02/01/2021

On page 5, line 7, after "section," strike "$120,000,000" and insert "$150,000,000"

On page 5, line 24, after "section," strike "$120,000,000" and insert "$90,000,000"

On page 6, line 9, after "(4)" strike all material through "section." on line 15 and insert "Grant awards are subject to the availability of amounts appropriated in this section."

On page 6, line 21, after "up to a" strike "$20,000" and insert "$75,000"

On page 6, line 22, after "(b)" strike all material through "(c)" at the beginning of line 30

Renumber the remaining subsections consecutively and correct any internal references accordingly.

On page 6, line 31, after "the grant" strike "under this program" and insert "awarded under this section"

On page 6, beginning on line 34, strike all of subsection (d)

Renumber the remaining subsections consecutively and correct any internal references accordingly.

On page 7, after line 17, insert the following:

"(8) The department is authorized to shift funding among the purposes in subsections (2) and (3) of this section based on over or underutilization of the different types of grants."

EFFECT:   Increases funding for small business grants for

maintaining operations by $30,000,000. Decreases funding for grants

for reopening costs by $30,000,000. Provides that the Department of

Commerce may shift funds between the two grant purposes based on

over or underutilization.

Removes the requirements: to award grants on a first-come first-serve basis and that Commerce must allow businesses to

apply for grants for 30 days after the effective date of this

section. Provides that grants are awarded subject to availability of appropriated funds.

Increases the maximum grant award from $20,000 to $75,000 per

business.

Removes the requirements: to use a given methodology for

awarding grants for maintaining operations; to provide 25% of a

reopening grant in advance; and for reopening grants to be provided

on a reimbursement basis.

FISCAL IMPACT: No net change to appropriated levels.

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