2004 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Landes
Capital Access Program Funding

Item 107 #4h

Item 107 #4h

First Year - FY2005 Second Year - FY2006
Commerce And Trade
Business Assistance, Department of FY2005 $100,000 FY2006 $100,000 GF

Page 73, line 18, strike "$11,966,255" and insert "$12,066,255".
Page 73, line 18, strike "$11,966,255" and insert "$12,066,255".
Page 74, after line 37, insert:
"F.  Out of the amounts provided for Industrial Development Services shall be provided $1,000,000 the first year and $1,000,000 the second year from the general fund for the Virginia Capital Access Program."

(This amendment provides $1.0 million each year for the Virginia capital access program. Appropriations for this activity were endorsed by the Rural Virginia Prosperity Commission as a method to expand available debt financing resources for businesses in Virginia's rural communities.)