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1998 Session

Budget Amendments - HB30 (Committee Approved)

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Family Loan Program

Item 404 #3h

Item 404 #3h

First Year - FY1999 Second Year - FY2000
Health And Human Resources
Social Services, Department of FY1999 $75,000 FY2000 $0 GF

Language
Page 245, line 12, strike "$63,421,473" and insert "$63,496,473".
Page 246, after line 18, insert:
"F. Out of the appropriation for this item, $75,000 in the first year from the general fund shall be provided to Family Service of Central Virginia, Inc., for the Central Virginia Family Loan Program."


Explanation
(This amendment provides $75,000 the first year to Family Service of Central Virginia, Inc., for the Central Virginia Family Loan Program to match a McKnight Foundation grant to establish a revolving loan program for low-income working individuals. Loans would be targeted at low-income working individuals who are at risk of becoming eligible for public assistance and who cannot get loans elsewhere. The loans would provide assistance with transportation, housing, child care, and other needs.)