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2000 Session

Budget Bill - HB29 (Introduced)

Department of Minority Business Enterprise

Item 96

Item 96 (Not set out)

First Year - FY1999Second Year - FY2000
Industrial Development Services (53400)$1,214,690$1,636,524
Minority Enterprise Coordination and Promotion (53406)FY1999 $693,848FY2000 $695,058
Minority Enterprise Development and Improvement (53407)FY1999 $520,842FY2000 $941,466
Fund Sources: 
GeneralFY1999 $250,865FY2000 $669,070
Commonwealth TransportationFY1999 $963,825FY2000 $967,454

Authority: Title 2.1, Chapter 7.5; Title 11, Chapter 7, Article 2, Code of Virginia.


Contingent upon the enactment of legislation by the 1999 Session of the General Assembly to create the Capital Access Fund for Disadvantaged Businesses, out of the amounts for Minority Enterprise Development and Improvement $300,000 the second year from the general fund is provided to capitalize the fund. The Department of Minority Business Enterprise and the Department of Business Assistance shall enter into a Memorandum of Agreement for the administration of the fund.