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Monrovia Assemblymember's 'Put It On the Internet' Bill Goes to Senate

Assemblymember Chris Holden's legislation to make the Small Business Loan Guarantee program more accessible and user friendly has been approved in the Senate Government Organization Committee. Holden represents Monrovia.

AB 201 requires the California Small Business Loan Guarantee Program to maintain an Internet website that would include information on the program's loan guarantees, direct lending, surety bond guarantees, and disaster loans.

Since February 2011, over $143 million financial loans were issued, of which about $47 million was covered by Small Business Loan Guarantee Program.

Since 2004, more than 52 loans worth approximately $8.5 million dollars have been guaranteed in the 41st Assembly District.

AB 201 now goes to Senate Appropriations for fiscal consideration.

Source: Holden press release

Comment: Sounds like a good bill, but how pathetic is it that it requires the involvement of the Assembly, Senate and Governor to get a state program to put its information on the Internet?

- Brad Haugaard

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