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1998 Session

Budget Amendments - HB30 (Conference Report)

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Family Loan Program

Item 404 #3c

Item 404 #3c

First Year - FY1999 Second Year - FY2000
Health And Human Resources
Social Services, Department of FY1999 $50,000 FY2000 $0 GF

Language
Page 245, line 12, strike "$63,421,473" and insert "$63,471,473".
Page 246, after line 18, insert:
"F. Out of the appropriation for this item, $50,000 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 $50,000 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 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.)