1999 Session

Budget Amendments - SB800 (Conference Report)

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Virginia Racing Commission (language only)

Item 3-2.01 #1c

Item 3-2.01 #1c

Working Capital Funds and Lines of Credit
Advances to Working Capital Funds

Page 507, line 38, strike "It is".
Page 507, line 39, strike "estimated that this advance will be repaid the first year, in its entirety".
Page 507, line 38, after "Commission.", insert:
"The Commission shall repay at least $800,000 owed on state treasury loans by June 30, 1999.  The remainder of the advance shall be repaid by January 3, 2000."

(This amendment directs the Virginia Racing Commission to repay at least $800,000 of the $1,049,630 owed to the state treasury by June 30, 1999. The deadline for repaying the remaining portion of the state treasury loan is extended to January 3, 2000.)