2015 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Davis
Exemption for Crowdfunding

Item 472 #1h

Item 472 #1h

First Year - FY2015 Second Year - FY2016
Independent Agencies
State Corporation Commission FY2015 $0 FY2016 $68,549 GF
FY2015 0.00 FY2016 1.00 FTE

Page 459, line 3, strike "$59,295,037" and insert "$59,363,586".
Page 459, after line 19, insert:
"C. Included in this appropriation is $68,549 in the second year from the general fund and one position pursuant to the provisions of §§ 66.2-528, 60.2-614, 60.2-618, and 60.2-619 of the Code of Virginia."

(This amendment creates an exemption from the Securities Act for "crowd funding" activities.)