Hearing held on Senator Clouse's LB1205

District 37 State Senator Stan Clouse of Kearney brought LB1205 before the Banking, Commerce and Insurance Committee.

LB1205 relates to the Microenterprise Assistance Program, one of five programs under the Business Innovation Act, and focuses on providing loans and technical assistance to small businesses across the state to facilitate economic growth. LB1205 amends section 81-12,162 to establish an annual appropriation of up to $3 million for the program to support successful efforts by Nebraska entrepreneurs.