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2006 Session

Budget Amendments - SB30 (Committee Approved)

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Treasury loan authorization for Southwest Virginia Veterans' Cemetery (language only)

Item C-9 #2s

Item C-9 #2s

Administration
Veterans Services, Department of

Language
Page 426, after line 30, insert:
"3.  The Director, Department of Planning and Budget, is authorized to approve a treasury loan with no interest for up to $6,939,000 for construction of the Southwest Virginia Veterans' Cemetery.  This loan shall be repaid upon receipt of the federal funds. "


Explanation
(This amendment authorizes a treasury loan for construction of the Southwest Virginia Veterans' Cemetery. The cemetery will be constructed with federal funds on donated property, and will fill the need for a veterans' cemetery in this region of the state. The treasury loan will allow for construction prior to reimbursement from the United States Department of Veterans Affairs.)