Adjust Start-Up Funding for Virginia Cannabis Control Authority
Item 397 #1c
Item 397 #1c | First Year - FY2023 | Second Year - FY2024 | |
| Public Safety and Homeland Security |
| Virginia Cannabis Control Authority | FY2023 ($3,643,088) | FY2024 ($10,535,769) | GF |
| FY2023 -36.00 | FY2024 -67.00 | FTE |
Language
Page 424, line 25, strike "$11,843,088" and insert "$8,200,000".
Page 424, line 25, strike "$21,735,769" and insert "$11,200,000".
Page 424, line 29, strike "$11,843,088" and "$21,735,769" and insert:
"$8,200,000" and "$11,200,000".
Page 424, line 31, after "Authority. " strike the remainder of the line and insert:
"Included in these amounts, $3,000,000 the second year from the general fund is provided for low-interest and zero-interest loans to assist applicants and licensees, to be distributed by the Authority consistent with existing law."
Page 424, strike line 32.
Explanation
(This amendment reduces by $3.6 million the first year and $10.5 million the second year from the general fund the amounts included in the introduced budget for the establishment of the Virginia Cannabis Control Authority. A total of $8.2 million the first year and $11.2 million the second year from the general fund is provided for establishment of the Authority, including $3.0 million the second year for low-interest loans to applicants and licensees.)