2012 Session

Budget Amendments - HB1300 (Committee Approved)

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VSBFA Fee Caps for PPTA Proj (language only)

Item 98 #1h

Item 98 #1h

Commerce And Trade
Business Assistance, Department of

Page 27, after line 26, insert:
"B.7.  For transportation projects approved under the Public-Private Transportation Act of 1995, the maximum fee and/or premium charged by the Virginia Small Business  Financing Authority pursuant to §§ 2.2-2291 and 2.2-2285, Code of Virginia, for acting as the conduit issuer for any bond financing is not to exceed $25,000 per annum."

(This amendment caps the charges that may be assessed by the VSBFA for service as the conduit bond issuer for public-private transportation projects. Because this item is not set out in House Bill 29 as introduced, it is the intent of the General Assembly that this language be added to Item 108 as set out in Chapter 890, 2011 Session of the General Assembly, when the bill is enrolled.)