2009 Session

Budget Amendments - HB1600 (Member Request)

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Chief Patron: May
Seed Funding for Broadband Financing

Item 110 #1h

Item 110 #1h

First Year - FY2009 Second Year - FY2010
Commerce And Trade
Housing and Community Development, Department of FY2009 $0 FY2010 $10,000,000 GF

Page 107, line 11, strike "$59,771,885" and insert "$69,771,885".
Page 112, after line 20, insert:
"S. Included in this item is $10,000,000 in the second year from the general fund to be transferred to the Virginia Resources Authority to capitalize a Broadband Access Revolving Loan Fund.  Such funds shall be used to position the Commonwealth to access any funding anticipated to become available for wireless and broadband services grants as part of the American Recovery and Reinvestment Act of 2009."

(This amendment provides $10.0 million in seed money to the Virginia Resources Authority to help support broadband financing throughout the Commonwealth.)