Menu
2001 Session

Budget Amendments - HB1600 (Committee Approved)

View Budget Item
View Budget Item amendments

Economic Development Revovling Loan Fund (language only)

Item 3-1.01 #7h

Item 3-1.01 #7h

Transfers
Interfund Transfers

Language
Page 572, after line 46, insert:
"FF.  By June 30, 2001, the State Comptroller shall transfer to the general fund $1,000,000 from the Virginia Economic Development Revolving Fund at the Department of Business Assistance."


Explanation
(This amendment transfers $1.0 million from the Virginia Economic Development Revolving Fund to the general fund, leaving an uncommitted balance of $1.5 million in the Fund for new loans.)