Chief Patron: Hawkins
VA Small Business Financing Authority

Item 105 #1s

Language
Page 69, line 34, strike "$2,076,655" and insert "$3,326,655".
Page 69, line 34, strike "$2,076,655" and insert "$3,326,655".
Page 71, after line 46, insert:
"F.  Out of the amounts for this Item shall be provided $1,250,000 the first year and $1,250,000 the second year from the general fund to increase the capitalization and administrative and marketing capabilities of the Virginia Small Business Financing Authority."

Explanation
(This amendment provides $2.0 million to increase the capitalization of the Virginia Small Business Financing Authority and $500,000 for three positions to enhance the Authority's marketing and loan service capability. This is a recommendation of the Rural Virginia Prosperity Commission.)