Language Page 233, after line 24, insert: "476.30 City of Virginia Beach Interest-Free Treasury Loan $0$0 Page 233, after line 24, insert:"1. The Secretary of Finance is authorized to provide the City of Virginia Beach with interest-free treasury loans in a principal amount not to exceed $20,000,000 for the costs of planning renovations to and renovating Building 2 of the Virginia Beach Municipal Center with all renovations to be made to the same premises upon which Building 2 is currently situated. The specific terms and structure of any treasury loan shall be approved by the Secretary of Finance after consultation with the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations, or their designees. The repayment term for any such treasury loan may be extended for a period longer than 12 months."
Page 233, after line 24, insert:
"1. The Secretary of Finance is authorized to provide the City of Virginia Beach with interest-free treasury loans in a principal amount not to exceed $20,000,000 for the costs of planning renovations to and renovating Building 2 of the Virginia Beach Municipal Center with all renovations to be made to the same premises upon which Building 2 is currently situated. The specific terms and structure of any treasury loan shall be approved by the Secretary of Finance after consultation with the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations, or their designees. The repayment term for any such treasury loan may be extended for a period longer than 12 months."
Explanation
(This amendment provides an interest-free treasury loan to the City of Virginia Beach not to exceed $20,000,000 for the costs of planning renovations to and renovating Building 2 of the Virginia Beach Municipal Center. These funds are to assist the city in the recovery from the May 31st shooting. Upon enrolling, the item will be set out and enrolled appropriately.)