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2024 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Surovell
CCA: Virginia Cannabis Equity Business Loan Fund

Item 382 #3s

Item 382 #3s

First Year - FY2025 Second Year - FY2026
Public Safety and Homeland Security
Virginia Cannabis Control Authority FY2025 $3,000,000 FY2026 $3,000,000 GF

Language
Page 435, line 50, strike "$5,411,060" and insert "$8,411,060".
Page 435, line 50, strike "$5,411,060" and insert "$8,411,060".

Page 436, after line 17, insert:

"C. Included in these amounts, $3,000,000 the first year and $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."



Explanation

(This amendment provides $3.0 million GF each year for the Virginia Cannabis Equity Business Loan Fund.)