2017 Session

Budget Amendments - HB1500 (Conference Report)

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Modify Line of Credit for Department of Medical Assistance Services (language only)

Item 3-2.03 #1c

Item 3-2.03 #1c

Working Capital Funds and Lines of Credit
Lines of Credit


Page 527, line 2, after "Services" insert:

", for the Virginia Health Care Fund".

Page 527, line 2, strike "$15,000,000" and insert "$12,000,000".


(This amendment clarifies that the line of credit added for the Department of Medical Assistance Services is related to the Virginia Health Care Fund. The line of credit was added to ensure the June collections of tobacco taxes can be fully utilized as state match for Medicaid prior to the end of the fiscal year. The language also reduces the line of credit from $15 million to $12 million which approximates the typical need.)