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2000 Session

Budget Bill - HB30 (Chapter 1073)

Item 3-2.03

Item 3-2.03

§ 3-2.03 LINES OF CREDIT


The State Comptroller shall provide lines of credit to the following agencies, not to exceed the amounts shown:


State Lottery Department

$25,000,000

Department of Alcoholic Beverage Control

$25,000,000

Department of Emergency Services

$150,000

Department of the Treasury, for the Unclaimed Property Trust Fund

$5,000,000

Department of Corrections, for Virginia Correctional Enterprises

$1,000,000

Department of the Treasury and Department of Human Resource Management, for the State Insurance Reserve Trust Fund

$25,000,000

Department of the Treasury, for the Teacher Liability Insurance Program

$1,000,000

Virginia Workers' Compensation Commission

$5,000,000

Administration of Health Insurance

$25,000,000


The State Comptroller shall execute an agreement with each agency documenting the procedures for the line of credit, including, but not limited to, applicable interest and the method for the drawdown of funds. The provisions of § 4-3.02 b of this act shall not apply to these lines of credit.