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2002 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Thomas
Co-Patron(s): Woodrum
Blue Ridge Housing Development Fund (language only)

Item 111 #3h

Item 111 #3h

Commerce And Trade
Housing and Community Development, Department of

Language
Page 74, after line 14, insert:
"F.  The Blue Ridge Housing Development Corporation is authorized, upon approval of its governing authority, to establish the Fund as a revolving loan fund subject to the terms and conditions of all applicable state and federal laws."


Explanation
(This amendment authorizes the Blue Ridge Housing Development Corporation to operate the Blue Ridge Housing Development Fund as a revolving loan fund.)