2007 Session

Budget Amendments - SB750 (Member Request)

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Chief Patron: Ruff
Co-Patron(s): Bell, Blevins, Deeds, Hanger, Hawkins, Obenshain, Puckett, Reynolds, Watkins
Financial Resources Directory

Item 104 #10s

Item 104 #10s

First Year - FY2007 Second Year - FY2008
Commerce And Trade
Housing and Community Development, Department of FY2007 $0 FY2008 $80,000 GF

Page 101, line 23, strike "$42,574,099" and insert "$42,654,099".
Page 104, after line 4, insert:
"3.  Out of the amounts for this Item $80,000 the second year from the general fund shall be transferred to the Center for Rural Virginia to create, disseminate and maintain a financial resource directory that will provide to financial institutions an inventory of sources of capital for small business and entrepreneurs in rural and distressed regions of the Commonwealth.  This general fund appropriation shall be matched by a cash contribution of at least $44,000 from nonstate funds."

(This amendment provides $80,000 GF to develop a financial resource directory for Rural Virginia in order to address the capital needs of small businesses and entrepreneurs.)