2012 Session

Budget Amendments - HB30 (Committee Approved)

View Budget Item
View Budget Item amendments

VSBFA Fees for PPTA Projects (language only)

Item 107 #2h

Item 107 #2h

Commerce And Trade
Business Assistance, Department of

Page 76, after line 40, insert:
"5.  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.)