An Act improving micro business and small business representation

H 4460 amends the governance structure of a state agency focused on business development by restructuring its board of directors. The bill requires the governor to appoint 16 board members with specific expertise, including a microbusiness owner, a representative from diverse business communities, a small business financing specialist, and others representing key sectors like real estate, banking, and community development. This change directly affects how the agency is governed and ensures diverse business perspectives inform its decisions. The bill takes effect 30 days after enactment, with new appointments needed within that timeframe.