Rhode Island § 42-64.25-6 § 42-64.25-6. Micro-loan allocation.

Rhode Island Statutes

§ 42-64.25-6 — § 42-64.25-6. Micro-loan allocation.

Rhode Island § 42-64.25-6

Title 42State Affairs and Government

Ch. 42-64.25Small Business Assistance Program

This text of Rhode Island § 42-64.25-6 (§ 42-64.25-6. Micro-loan allocation.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 42-64.25-6 (2026).

Text

§ 42-64.25-6. Micro-loan allocation.
Notwithstanding anything to the contrary in this chapter, not less than ten percent
            (10%) and not more than twenty-five percent (25%) of program funds will be allocated
            to "micro loansâ€� with a principal amount between two thousand dollars ($2,000) and
            twenty-five thousand dollars ($25,000). Micro loans will be administered by lending
            organizations, which will be selected by the commerce corporation on a competitive
            basis and shall have experience in providing technical and financial assistance to
            microenterprises.
         

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§ 42-64.25-6. Micro-loan allocation.

Notwithstanding anything to the contrary in this chapter, not less than ten percent (10%) and not more than twenty-five percent (25%) of program funds will be allocated to "micro loansâ€� with a principal amount between two thousand dollars ($2,000) and twenty-five thousand dollars ($25,000). Micro loans will be administered by lending organizations, which will be selected by the commerce corporation on a competitive basis and shall have experience in providing technical and financial assistance to microenterprises.