Summary: H.R.1412 — 110th Congress (2007-2008)All Information (Except Text)

There is one summary for H.R.1412. Bill summaries are authored by CRS.

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Introduced in House (03/08/2007)

Emergency Child Care Lending for the Gulf Coast Act of 2007 - Authorizes the proceeds of a loan for plant acquisition, construction, conversion, or expansion under the Small Business Investment Act of 1958 to be used by the certified development company to provide loans to small, nonprofit child care businesses that have a track record of providing such services in the presidentially declared disaster areas in the Gulf Coast region.

Limits to 3% the amount of the total number of such loans guaranteed in FY2008-FY2009 that may be awarded for the program under this Act. Terminates such program after December 30, 2008.