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This California Bill Would Make Is Easier To Invest in Local Farms, Energy and Business

This California Bill Would Make Is Easier To Invest in Local Farms, Energy and Business
Tue, 5/10/2016 - by Cat Johnson
This article originally appeared on Shareable

If you want to invest in a publicly traded company, you simply purchase securities in the company. But if you want to invest in the organic farm down the road, or a new renewable energy startup in your town, it’s not that easy.

Small businesses and entrepreneurs face a costly permitting process or can only pursue private investments from wealthy investors – not small investments from a larger number of people. And would-be investors find few opportunities to invest locally, in part, because of the lengthy and costly securities regulation process and a lack of awareness about local companies seeking investment.

The new California Local Economies Securities Act (AB2751), authored by the Sustainable Economies Law Center (SELC), aims to make it possible for small farms, agricultural land trusts, cooperatives, nonprofit organizations with business income, and renewable energy systems in California to raise capital without going through a costly permitting process.

The bill, which recently passed through the State Assembly Banking and Finance Committee, exempts certain securities offerings from California permit requirements, which opens the doors to raising capital for a variety of enterprises focused on the economic and ecological health of the state.

The bill proposes allowing enterprises to conduct small public offerings through the following exemptions from permitting requirements, as detailed by SELC:

Small Investments: This bill would exempt from permitting requirements any offer or sale of a security if the business provides basic offering and business information to the public, and the total amount raised during the offering period (one year) does not exceed $500,000. Additionally, each individual investor would be limited as follows:

  • Non-accredited investors would be limited to investing no more than $1000 each in one offering.

  • Accredited investors would be limited to 5% of their net worth in an offering.

Farms and Agricultural Land Trusts: This bill would allow a farm enterprise or agricultural land trust to raise up to $2,000,000 per year for the purchase, long-term leasing, purchase of an easement, construction, or improvement of real property to be used for agriculture purposes. The issuers using this exemption must be farmers who will actively farm the land or issuers must be an agricultural land trust or other nonprofit organization. For land purchases, all funds raised for the purpose must be held in an escrow account until the issuer has entered into a contract to purchase the land. Under this exemption, the limits on each individual's investment amount would be as follows:

  • Each individual investor could invest up to $2,000 at least.

  • An investor could invest up to $5,000 IF the investor has an annual gross income of at least $100,000 or a total net worth of at least $200,000.

  • Accredited investors would be limited to investing no more than 5% of their net worth.

Renewable Energy Projects: Similar to the farm and land trust exemption in the previous paragraph, the bill would allow nonprofits, cooperatives, and groups of tenants to raise up to $2,000,000 to purchase solar panels or wind turbines, and equipment necessary for the storage or transmission of the energy produced by the panels or turbines. The same limits per investor as in the farmland exemption above would apply to these renewable energy projects.

Nonprofit Organizations: This bill would expand an existing exemption for nonprofit organizations in California Corporations Code Section 25100(j) to include debt securities, not just equity securities, which would make this exemption mirror similar exemptions in federal law and the laws of many other states. The existing California statute is not suitable for nonprofit organizations organized for charitable or educational purposes and exempt from income tax under Internal Revenue Code Section 501(c)(3) because such organizations cannot have equity shareholders.

When such nonprofit organizations accept investments the investments must be in the form of debt securities in order to comply with state corporate law and the terms of their tax-exempt status. Therefore, this bill would open up new capital raising opportunities for nonprofit organizations such as Community Development Financial Institutions and other similar organizations that provide investment and technical assistance to small businesses.

Investor Protections: The proposed bill and existing law provide numerous investor protections in addition to the limits on investment amounts described in each exemption above, including:

  • The exemptions could not be used to fund enterprises whose success depends on any unproven technology or enterprises which are developing new products that have not yet been prototyped (small investments and energy exemptions).

  • The enterprise's directors, officers, other individuals holding similar positions, and major shareholders are subject to a "bad actor disqualification" meaning that someone with a history of securities fraud is prohibited from using the proposed exemptions (small investments, farmland and energy exemptions).

  • The offering documents must contain financial statements, tax returns, and a list of risk factors, among other information typically found in a business plan (small investments, farmland and energy exemptions).

  • The offering documents would include a cover page with a stern warning to prospective investors cautioning that they are taking a risk and advising that they only invest if they can afford to lose their entire investment (small investments, farmland and energy exemptions).

  • Existing securities laws that prohibit the use of false or misleading information or the intentional omission of material facts in offering documents would still apply to all offerings under this bill.

  • Escrow accounts would be required to hold investment funds until a sufficient amount was raised to proceed with the land purchase or project implementation (farm and energy exemptions).

  • Investors are limited to investing no more than $1,000, $5,000, or 5% of net worth depending on the exemption and the investor's wealth (small investments, farmland, and energy exemptions).

AB2751 is currently being considered in the 2016 legislative session. For more information and to get involved, visit here.

 

 

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- Loan amount needed:
- Loan Duration:
- Purpose of loan:
- City / Country:
- Telephone:
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We encourage you to contact us and learn more about the loans service we offered. If you have any questions or want more information about our company, please feel free to email at pergocf@fastservice.com
Yours Sincerely,
Mrs. Ceren Kelly
pergocf@fastservice.com

We look forward to hear from you ASAP.

Dear valued customer,

Do you need Financial Assistance?
Do you seek funds to pay off credits and debts?
We give out loan with an Interest rate of 1.00%

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Kindly write us back with the loan information;
- Complete Name:
- Loan amount needed...$, €, £:
- Loan Duration:
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- City / Country:
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Please, contact us for more information: pergocf@fastservice.com

Yours Sincerely,
Mrs. Ceren Kelly
pergocf@fastservice.com

We look forward to hear from you ASAP.

Welcome To Dr. Powell Garcia Loan Service…
Are you a business man or woman? Are you in any financial mess or do you need funds to start up your own business? Do you need a loan to start a nice Small Scale and medium business? Do you have a low credit score and you are finding it hard to obtain capital loan from local banks and other financial institutes? Our loans are well insured for maximum security is our priority, Our leading goal is to help you get the services you deserve.

Our loans Are well insured for maximum security is our priority, Our leading goal is to help you get the service you deserve, Our program is the quickest way to get what you need in a snap. Reduce your payments to ease the strain on your monthly expenses. Gain flexibility with which you can use for any purpose – from vacations, to education, to unique purchases

We offer a wide range of financial services which includes: Business Planning, Commercial and Development Finance, Properties and Mortgages, Debt Consolidation Loans, Business Loans, Private loans,car loans, hotel loans, student loans, personal loans Home Refinancing Loans with low interest rate @2% per annul for individuals, companies and corporate bodies. Get the best for your family and own your dream home as well with our General Loan scheme.

Interested applicants should Contact us via email: (dr.powellgarcialoans@gmail.com)

HOW I GOT A LOAN FROM A RELIABLE LOAN LENDING COMPANY KENDRICK INVESTMENTS LIMITED!!!

My name is Mrs Stacey Albert from Colorado USA, I'm a happily married woman with 3 kids. Out of respect for this great and reliable company, I must make this testimony known to the whole world. I've been to other loan lending company without receiving any loan all they do was rubbing me of my money about $10,000USD, I wished I came to you earlier, I got the best from you God bless you sir. For about a year now, I and my family have been through financial difficulty due to bad credit and I have searched everywhere for help but no good result other than scam not until a friend of mine referred me to a genuine and reputable loan lending company KENDRICK INVESTMENTS LIMITED. she told me that Mr CHRISTOPHER KENDRICK who is the C.E.O of KENDRICK INVESTMENTS LIMITED, with Email address:- KENDRICKINVESTMENTSLIMITED@OUTLOOK.COM is a God fearing and kindhearted man. I took her advice though I was filled with doubt I applied for a loan of $70,000USD, I did everything and followed the loan process promptly and my loan request was approved and shipped into my bank account on the 20th of July 2016, you are indeed a God-sent to me and my family and we are once again a happy family. thank you so much. For everyone out there who is looking for a real/reliable and genuine lender contact Mr CHRISTOPHER KENDRICK of KENDRICK INVESTMENTS LIMITED and be free from internet scam. KENDRICKINVESTMENTSLIMITED@OUTLOOK.COM

HOW I GOT A LOAN FROM A RELIABLE LOAN LENDING COMPANY KENDRICK INVESTMENTS LIMITED!!!

My name is Mrs Stacey Albert from Colorado USA, I'm a happily married woman with 3 kids. Out of respect for this great and reliable company, I must make this testimony known to the whole world. I've been to other loan lending company without receiving any loan all they do was rubbing me of my money about $10,000USD, I wished I came to you earlier, I got the best from you God bless you sir. For about a year now, I and my family have been through financial difficulty due to bad credit and I have searched everywhere for help but no good result other than scam not until a friend of mine referred me to a genuine and reputable loan lending company KENDRICK INVESTMENTS LIMITED. she told me that Mr CHRISTOPHER KENDRICK who is the C.E.O of KENDRICK INVESTMENTS LIMITED, with Email address:- KENDRICKINVESTMENTSLIMITED@OUTLOOK.COM is a God fearing and kindhearted man. I took her advice though I was filled with doubt I applied for a loan of $70,000USD, I did everything and followed the loan process promptly and my loan request was approved and shipped into my bank account on the 20th of July 2016, you are indeed a God-sent to me and my family and we are once again a happy family. thank you so much. For everyone out there who is looking for a real/reliable and genuine lender contact Mr CHRISTOPHER KENDRICK of KENDRICK INVESTMENTS LIMITED and be free from internet scam. KENDRICKINVESTMENTSLIMITED@OUTLOOK.COM

Do you need loans at a low interest rate? Have you been denied loans by bank because you have no collateral or have bad credit? are you tired of bank stress? Then you are in the right place, contact us now,available are start up business loan,Email: (loanhome233@gmail.com)

Do you need loans at a low interest rate? Have you been denied loans by bank because you have no collateral or have bad credit? are you tired of bank stress? Then you are in the right place, contact us now,available are start up business loan,Email: (loanhome233@gmail.com)

Greetings Every one.

i am Mr Paul Williams a private loan lender, we are private bodies giving out all kinds of loans to people who are financially down and in needs of financial help, we give out loans at very cheap rate without any stress. our company is well registered and capable of giving out loans to individuals and cooperate bodies in good conditions. our services are fast and easy. if you are interested in getting loan from us kindly contact us on our company email: paulwilliamsfinance@gmail.com

visit us today for our reliable services
Regards
Mr Paul Williams.
Company Email: paulwilliamsfinance@gmail.com
Contact us now.

Greetings Every one.

i am Mr Paul Williams a private loan lender, we are private bodies giving out all kinds of loans to people who are financially down and in needs of financial help, we give out loans at very cheap rate without any stress. our company is well registered and capable of giving out loans to individuals and cooperate bodies in good conditions. our services are fast and easy. if you are interested in getting loan from us kindly contact us on our company email: paulwilliamsfinance@gmail.com

visit us today for our reliable services
Regards
Mr Paul Williams.
Company Email: paulwilliamsfinance@gmail.com
Contact us now.

Business & Personal Loan Offer
Affordable installment loans.
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Do you need Financial help?
Need a personal loan for an unexpected expense?
Do you need a Business Setup Loan?
Need 1st Royal Financial provides personal loans to individuals
And Companies Body with no or less than perfect credit.
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( so if Interested Contact us: zircom_ltd@hotmail.com)

FULL NAME:
COUNTRY:
STATE:
GENDER:
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Kindly reply back through the above e-mail if interested. zircom_ltd@hotmail.com

Thanks for your time.

Hello everybody.
Are you in any kind of financial difficulties? Welcome to Sky Base Loan Firm, a firm where financial life gets sweeter and better on a daily basis. we approve all types of loans with 3% interest rate, we give out loan minimum of $2,000 to maximum $2,000.000.00 If you are industrial, contractor, or all still willing to lend, to reboot your business or create Your company, etc., just contact us (skybaseloans@hotmail.com).
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Welcome To Dr. Powell Garcia Loan Service…
Are you a business man or woman? Are you in any financial mess or do you need funds to start up your own business? Do you need a loan to start a nice Small Scale and medium business? Do you have a low credit score and you are finding it hard to obtain capital loan from local banks and other financial institutes? Our loans are well insured for maximum security is our priority, Our leading goal is to help you get the services you deserve.

Our loans Are well insured for maximum security is our priority, Our leading goal is to help you get the service you deserve, Our program is the quickest way to get what you need in a snap. Reduce your payments to ease the strain on your monthly expenses. Gain flexibility with which you can use for any purpose – from vacations, to education, to unique purchases

We offer a wide range of financial services which includes: Business Planning, Commercial and Development Finance, Properties and Mortgages, Debt Consolidation Loans, Business Loans, Private loans,car loans, hotel loans, student loans, personal loans Home Refinancing Loans with low interest rate @2% per annul for individuals, companies and corporate bodies. Get the best for your family and own your dream home as well with our General Loan scheme.

Interested applicants should Contact us via email: (dr.powellgarcialoans@gmail.com)

Welcome To Dr. Powell Garcia Loan Service…
Are you a business man or woman? Are you in any financial mess or do you need funds to start up your own business? Do you need a loan to start a nice Small Scale and medium business? Do you have a low credit score and you are finding it hard to obtain capital loan from local banks and other financial institutes? Our loans are well insured for maximum security is our priority, Our leading goal is to help you get the services you deserve.

Our loans Are well insured for maximum security is our priority, Our leading goal is to help you get the service you deserve, Our program is the quickest way to get what you need in a snap. Reduce your payments to ease the strain on your monthly expenses. Gain flexibility with which you can use for any purpose – from vacations, to education, to unique purchases

We offer a wide range of financial services which includes: Business Planning, Commercial and Development Finance, Properties and Mortgages, Debt Consolidation Loans, Business Loans, Private loans,car loans, hotel loans, student loans, personal loans Home Refinancing Loans with low interest rate @2% per annul for individuals, companies and corporate bodies. Get the best for your family and own your dream home as well with our General Loan scheme.

Interested applicants should Contact us via email: (dr.powellgarcialoans@gmail.com)

Welcome To Dr. Powell Garcia Loan Service…
Are you a business man or woman? Are you in any financial mess or do you need funds to start up your own business? Do you need a loan to start a nice Small Scale and medium business? Do you have a low credit score and you are finding it hard to obtain capital loan from local banks and other financial institutes? Our loans are well insured for maximum security is our priority, Our leading goal is to help you get the services you deserve.

Our loans Are well insured for maximum security is our priority, Our leading goal is to help you get the service you deserve, Our program is the quickest way to get what you need in a snap. Reduce your payments to ease the strain on your monthly expenses. Gain flexibility with which you can use for any purpose – from vacations, to education, to unique purchases

We offer a wide range of financial services which includes: Business Planning, Commercial and Development Finance, Properties and Mortgages, Debt Consolidation Loans, Business Loans, Private loans,car loans, hotel loans, student loans, personal loans Home Refinancing Loans with low interest rate @2% per annul for individuals, companies and corporate bodies. Get the best for your family and own your dream home as well with our General Loan scheme.

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hello my name is Andres and i live in UK(united kingdom) i am here to tell good people how i got my loan from a good loan lender kings he is a good and legit loan lender i trusted him and here did not fail me he gave me a loan of 25.000£ in just 45 minute if you need an urgent loan just send him a massage quickly via his email address below,
kingsfinance01@gmail.com

Here comes an Affordable loan that will change your life for ever, I am Dr.Hawkins Robert a certified loan lender, I offer loan to individual and public sector that are in need of financial Assistance in a low interest rate of 2%. Bad credit acceptable,The Terms and Conditions are very simple and considerate.You will never regret anything in this loan transaction because i will make you smile. Our company has recorded a lot of breakthroughs in the provision of first class financial services to our clients, especially in the area of Loan syndication and capital provision for individuals and companies.

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Regards,
Dr. Hawkins Robert.

Welcome To Dr. Powell Garcia Loan Service…
Are you a business man or woman? Are you in any financial mess or do you need funds to start up your own business? Do you need a loan to start a nice Small Scale and medium business? Do you have a low credit score and you are finding it hard to obtain capital loan from local banks and other financial institutes? Our loans are well insured for maximum security is our priority, Our leading goal is to help you get the services you deserve.

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We offer a wide range of financial services which includes: Business Planning, Commercial and Development Finance, Properties and Mortgages, Debt Consolidation Loans, Business Loans, Private loans,car loans, hotel loans, student loans, personal loans Home Refinancing Loans with low interest rate @2% per annul for individuals, companies and corporate bodies. Get the best for your family and own your dream home as well with our General Loan scheme.

Interested applicants should Contact us via email: (dr.powellgarcialoans@gmail.com)

Hello Everyone.

I am living in Durban,i lost my husband 2yrs ago and everything got so hard for me and my 3kids,i felt so confuse because i have no helper and our home is about to face foreclosure and a friend introduce me to a kind lender in South Africa online and to God be the glory he approved a loan of R150,000 to me and now and i am doing business and my family is happy again,if you need a loan please contact him today via fidelityloanfinancial@gmail.com or website on www.fidelityloanfirm.webs.com and get your loan with a good and flexible repayment in monthly basis,i wish you the best of luck.

Hello,

Are you tired of seeking loans and Mortgages,have you been turned down constantly By your banks and other financial institutions,We offer any form of loan to individuals and corporate bodies at low interest rate of 2%.If you are interested in taking a loan,feel free to contact us today,we promise to offer you the best services ever.Just give us a try, because a trial will convince you. What are your Financial needs?

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Hello,

Are you tired of seeking loans and Mortgages,have you been turned down constantly By your banks and other financial institutions,We offer any form of loan to individuals and corporate bodies at low interest rate of 2%.If you are interested in taking a loan,feel free to contact us today,we promise to offer you the best services ever.Just give us a try, because a trial will convince you. What are your Financial needs?

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Do you need a personal loan?
Do you want to buy a car?
Do you want to refinance?
Do you need a mortgage loan?

Do you need a huge capital to start off your business proposal or expansion? Have you lost hope and you think there is no way out, and your financial burdens still persists?

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Are you a business man or woman? Are you in any financial mess or do you need funds to start up your own business? Do you need a loan to start a nice Small Scale and medium business? Do you have a low credit score and you are finding it hard to obtain capital loan from local banks and other financial institutes?.

Our loans Are well insured for maximum security is our priority, Our leading goal is to help you get the service you deserve, Our program is the quickest way to get what you need in a snap. Reduce your payments to ease the strain on your monthly expenses. Gain flexibility with which you can use for any purpose – from vacations, to education, to unique purchases

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Interested applicants should Contact us via email: (sammyloancompany@yahoo.com}
or all our hotline
{+447.031.965.511}

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This last month has shown America that society will gladly tolerate vigilante violence, provided a vigilante chooses the right target.

President-elect Donald Trump isn’t just appointing incompetent buffoons to his Cabinet, but deeply immoral individuals who are completely lacking in family values.

Biden cared more about the appearance of having an independent DOJ untainted by politics than he did about holding an unrepentant criminal ex-president accountable.

The American people clearly spoke, and the drubbing Democrats received requires looking beyond just issue polls, voting patterns, campaign strategy, or get-out-the-vote tactics.

The recent decisions by two of the most influential national newspapers of record to not publish their endorsements of Vice President Kamala Harris says a lot about how seriously they take Trump’s threats to democracy and his promises of vengeance against his enemies.

This last month has shown America that society will gladly tolerate vigilante violence, provided a vigilante chooses the right target.

If the Democrats’ theme of 2017 was Resistance, the theme for Democrats in 2025 needs to instead be Opposition — and these two GOP senators may be the models to emulate.

President-elect Donald Trump isn’t just appointing incompetent buffoons to his Cabinet, but deeply immoral individuals who are completely lacking in family values.

Biden cared more about the appearance of having an independent DOJ untainted by politics than he did about holding an unrepentant criminal ex-president accountable.

The country has never moved as close to the course it took under Benito Mussolini as it is doing now — and even if Meloni is not a neo-fascist politician, she has put herself in a position to appeal to and broaden fascism's political base.

On the eve of the historic November vote, it seems important to ask: What's wrong with men, how did we get here, and can we change this?

Posted 1 month 3 weeks ago

The recent decisions by two of the most influential national newspapers of record to not publish their endorsements of Vice President Kamala Harris says a lot about how seriously they take Trump’s threats to democracy and his promises of vengeance against his enemies.

Posted 1 month 3 weeks ago

The American people clearly spoke, and the drubbing Democrats received requires looking beyond just issue polls, voting patterns, campaign strategy, or get-out-the-vote tactics.

Posted 1 month 1 week ago

As Trump’s campaign grows increasingly bizarre, his team appears to be more tightly controlling his movements and carefully scripting his public appearances to minimize the negative impact his erratic behavior may have on undecided voters in swing states.

Posted 1 month 4 weeks ago

Biden cared more about the appearance of having an independent DOJ untainted by politics than he did about holding an unrepentant criminal ex-president accountable.

Posted 2 weeks 6 days ago

The country has never moved as close to the course it took under Benito Mussolini as it is doing now — and even if Meloni is not a neo-fascist politician, she has put herself in a position to appeal to and broaden fascism's political base.

Biden cared more about the appearance of having an independent DOJ untainted by politics than he did about holding an unrepentant criminal ex-president accountable.