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SPB 7016

OGSR/Administration of Small Business Loan Programs Held by an Economic Development Agency

2026 Regular Session

SPB 7016: OGSR/Administration of Small Business Loan Programs Held by an Economic Development Agency OverviewBill Number: SPB 7016 Title: OGSR/Administration of Small Business Loa

On Committee agenda-- Commerce and Tourism, 12/10/25, 11:30 am, 110 Senate Building
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Bill Summary · SPB 7016

SPB 7016: OGSR/Administration of Small Business Loan Programs Held by an Economic Development Agency

Overview

Bill Number: SPB 7016
Title: OGSR/Administration of Small Business Loan Programs Held by an Economic Development Agency
Status: On Committee agenda-- Commerce and Tourism, 12/10/25, 11:30 am, 110 Senate Building
Introduced: December 01, 2025

Purpose and Intent

This bill seeks to continue the public records exemption for information related to the administration of small business loan programs held by economic development agencies. The exemption was originally created in 2015 to protect sensitive financial and business information of loan applicants and recipients, allowing the agencies to effectively administer these important economic development programs.

Key Provisions

  • Continues the public records exemption for information related to the administration of small business loan programs by economic development agencies
  • Exempts the following information from public disclosure:
    • Financial statements
    • Tax returns
    • Credit reports
    • Loan application materials
    • Proprietary business information
  • Allows the agencies to keep this information confidential in order to encourage participation in the loan programs and protect the competitive interests of the businesses involved

Affected Parties and Impacts

  • Small businesses applying for or receiving loans through economic development agency programs
  • Economic development agencies administering small business loan initiatives
  • The general public, who will continue to be unable to access certain financial and business information related to the loan programs

Procedural and Timeline Considerations

This bill is currently on the agenda for the Senate Commerce and Tourism Committee on December 10, 2025. If approved by the committee, it will then proceed to the full Senate for consideration. The public records exemption is set to expire on October 2, 2026 if the legislature does not act to continue it.

Compiled from official sources — confirm details with the bill’s official record.

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