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1999 Session

Budget Amendments - HB1450 (Member Request)

Chief Patron: Jackson
Co-Patron(s): Stump, Tate
Cooperative Ad. Fund (language only)

Item 94.1 #13h

Item 94.1 #13h

Commerce And Trade
Virginia Tourism Authority

Language
Page 80, line 8,after "corporation." insert " In making disbursements to a qualified organization, the Authority shall develop guidelines to allow such organization a waiver to the minimum deposit requirement.  In granting this waiver, the Authority shall only disburse an amount equal to the amount of cash the organization has on deposit in a dedicated bank account."


Explanation
(This amendment is self-explanatory."