2004 Special Session I

Budget Amendments - SB5001 (Committee Approved)

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Virginia Capital Access Program

Item 107 #3s

Item 107 #3s

First Year - FY2005 Second Year - FY2006
Commerce And Trade
Business Assistance, Department of FY2005 $300,000 FY2006 $0 GF

Page 73, line 18, strike "$11,966,255" and insert "$12,266,255".

(This amendment provides funding for the Virginia Capital Access Program. The program leverages private financing to businesses at an average rate of 30 to 1. In FY 2003, the program assisted in the creation or retention of 786 jobs, providing some $1.3 million in state tax revenue.)