Item 96 | First Year - FY1999 | Second Year - FY2000 |
|---|---|---|
| Industrial Development Services (53400) | $1,214,690 | $2,336,524 |
| Minority Enterprise Coordination and Promotion (53406) | FY1999 $693,848 | FY2000 $695,058 |
| Minority Enterprise Development and Improvement (53407) | FY1999 $520,842 | FY2000 $1,641,466 |
| Fund Sources: | ||
| General | FY1999 $250,865 | FY2000 $1,369,070 |
| Commonwealth Transportation | FY1999 $963,825 | FY2000 $967,454 |
Authority: Title 2.1, Chapter 7.5 and Title 11, Chapter 7, Article 2, Code of Virginia.
Contingent upon the enactment of legislation in the 1999 Session of the General Assembly to create the Capital Access Fund for Disadvantaged Businesses, out of the amounts for Minority Enterprise Development and Improvement $1,000,000 the second year from the general fund is provided to capitalize the fund. The Department of Minority Business Enterprise and the Department of Business Assistance shall enter into a Memorandum of Agreement for the administration of the fund.