2007 Session

Budget Amendments - SB750 (Member Request)

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Chief Patron: Ruff
Co-Patron(s): Bell, Blevins, Deeds, Hanger, Hawkins, Lambert, Obenshain, Puckett, Reynolds, Watkins
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 $1,000,000 GF

Page 99, line 3, strike "$14,695,160" and insert "$15,695,160".
Page 99, line 50, strike "E." and insert "E.1.".
Page 99, line 51 after "year", insert "and $1,000,000 the second year".
Page 100,  after line 5, insert:
"2.  Of the amounts appropriated in the second year under this paragraph at least 50.0 percent shall target the credit needs of businesses in Rural Virginia."

(This amendment provides $1.0 million GF for the Virginia Small Business Financing Authority. At least half of the appropriation shall address business credit needs in Rural Virginia.)