Nevada_Executive_Budget_2013-2015

GOED - NEVADA SSBCI PROGRAM
101-1521
PROGRAM DESCRIPTION
On September 27, 2010, President Obama signed into law the Small Business Jobs Act of 2010 to help increase credit availability for small businesses. The Act created the State Small
Business Credit Initiative and appropriated $1.5 billion to be used by the U.S. Department of the Treasury to provide direct support to states for use in programs designed to increase access to
credit for small businesses. Pursuant to the Act, Treasury allocated funds to all fifty states according to a statutory formula that takes into account a state's job losses in proportion to the
aggregate job losses of all states. Under the Act, each state or territory was guaranteed a minimum allocation of 0.9 percent of the $1.5 million.
BASE
2011-2012
ACTUAL
2012-2013
WORK
PROGRAM
2013-2014
AGENCY
REQUEST
2013-2014
GOVERNOR
RECOMMENDS
2014-2015
AGENCY
REQUEST
2014-2015
GOVERNOR
RECOMMENDS
RESOURCES:
FEDERAL FUNDS FROM PREVIOUS YEAR 0 3,866,348 3,969,087 0 3,969,087 0
FEDERAL FUNDS TO NEW YEAR -3,866,347 0 0 0 0 0
FEDERAL RECEIPTS 4,555,049 0 2,000,000 2,000,000 3,000,000 3,000,000
FILING FEE 15,000 0 15,000 15,000 15,000 15,000
PENALTIES 0 0 2,000 2,000 2,000 2,000
TREASURER'S INTEREST DISTRIB 11,718 0 20,000 20,000 20,000 20,000
INTEREST INCOME 0 0 31,000 31,000 31,000 31,000
LOAN REPAYMENT 0 0 60,000 60,000 60,000 60,000
TOTAL RESOURCES: 715,420 3,866,348 6,097,087 2,128,000 7,097,087 3,128,000
EXPENDITURES:
PROGRAM ADMINISTRATION 90,420 105,000 128,000 128,000 128,000 128,000
CSP LOANS 525,000 3,361,348 2,000,000 2,000,000 3,000,000 3,000,000
MICROENTERPRISE LOANS 100,000 400,000 0 0 0 0
RESERVE 0 0 3,969,087 0 3,969,087 0
TOTAL EXPENDITURES: 715,420 3,866,348 6,097,087 2,128,000 7,097,087 3,128,000
MAINTENANCE
M100 STATEWIDE INFLATION
This request reflects rate changes for internal service funds such as the Attorney General, Motor Pool, information technology services, state-owned building rent, vehicle insurance,
personnel assessments, and property and contents insurance.
2011-2012
ACTUAL
2012-2013
WORK
PROGRAM
2013-2014
AGENCY
REQUEST
2013-2014
GOVERNOR
RECOMMENDS
2014-2015
AGENCY
REQUEST
2014-2015
GOVERNOR
RECOMMENDS
RESOURCES:
FEDERAL RECEIPTS 0 0 0 181 0 181
TOTAL RESOURCES:
EXPENDITURES:
0 0 0 181 0 181
STATEWIDE COST ALLOCATION PLAN 0 0 0 181 0 181
GOVERNOR'S OFFICE OF ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENT - 31
GOVERNOR'S OFFICE OF ECONOMIC DEVELOPMENT