2007 Session

Budget Amendments - SB750 (Committee Approved)

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VA Small Business Financing Authority

Item 102 #2s

Item 102 #2s

First Year - FY2007 Second Year - FY2008
Commerce And Trade
Business Assistance, Department of FY2007 $0 FY2008 $300,000 GF

Page 99, line 3, strike "$14,695,160" and insert "$14,995,160".
Page 99, line 50, strike "E." and insert "E.1.".
Page 99, line 51 after "year", insert "and $300,000 the second year from the general fund".
Page 100,  after line 5, insert:
"2.  Out of the amounts appropriated in the second year under this paragraph shall be $300,000 for the capital access program.  The Department shall work with state-chartered financial institutions, including community development financial institutions to provide business loans in distressed rural communities."

(This amendment provides $300,000 the second year from the general fund for the Virginia Small Business Financing Authority's capital access program. The money is to address business credit needs in rural Virginia.)