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2001 Session

Budget Amendments - SB800 (Committee Approved)

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Governor's Motion Picture Fund (language only)

Item 130 #12s

Item 130 #12s

Commerce and Trade
Virginia Tourism Authority

Language
Page 113, after line 31, insert:
"U.  The Virginia Tourism Authority shall transfer to the general fund of the state treasury all moneys deposited to the credit of the Governor's Motion Picture Opportunity Fund, if such moneys are the repayment of principal and interest from loans originating from the Governor's Development Opportunity Fund."


Explanation
(This amendment directs the Virginia Tourism Authority to transfer to the general fund the repayments of principal and interest from loans issued through the Governor's Opportunity Fund. Under the Code of Virginia, such repayments are to be credited to the general fund.)