Kentucky legislation · 2026 Regular Session
Kentucky HB809: AN ACT relating to small business.
Status: In committee, March 9, 2026
Amend KRS 154.12-330 to make technical corrections.
What the bill says
An act relating to small business.
From the introduced text:
AN ACT relating to small business. Be it enacted by the General Assembly of the Commonwealth of Kentucky: Section 1. KRS 154.12-330 is amended to read as follows: (1) The Kentucky Economic Development Finance Authority is hereby authorized to develop and fund a small business loan program to assist new or existing small businesses operating in the Commonwealth. The authority may lend up to one hundred thousand dollars ($100,000) to any eligible small business for acquisition, construction, expansion, working capital, or any other business expense the authority deems reasonable to approve. (2) The authority shall determine the terms, conditions, and requirements for loans issued under this section, including collateral requirements when deemed reasonable and appropriate. Recognizing that small businesses, while essential for the economic vitality of the Commonwealth, may have difficulty obtaining conventional loans, the authority may provide terms that are more lenient, high-risk, less secure, or otherwise less stringent than industry standards. (3) To be eligible for a loan under this section, a small business [, shall ] (b) Not be engaged primarily in retail;[,] and [shall] (c) Commit to creating and maintaining at least one (1) new full-time job above the number existing on the date of application. XXXX 2/27/2026 11:29 AM Jacketed
Sponsors
- Gordon, Deanna (R, HD-081) · primary sponsor
Latest actions
- : to Primary and Secondary Education (H)
- : to Small Business & Information Technology (H)
- : to Committee on Committees (H)
- : introduced in House
Subjects: Small Business, Technical Corrections
Common questions
- What is HB809?
- HB809 is a bill in the Kentucky Legislature (2026 Regular Session): AN ACT relating to small business.
- What does HB809 do?
- In its own words: An act relating to small business.
- What is the status of HB809?
- In committee as of March 9, 2026. Latest action: to Primary and Secondary Education (H) (March 10, 2026).
- Who sponsored HB809?
- Gordon, Deanna (R, HD-081).
- Where is the official record for HB809?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/hb809.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.