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2000 Session

Budget Bill - SB30 (Introduced)

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Department of Minority Business Enterprise

Item 120

Item 120

First Year - FY2001Second Year - FY2002
Industrial Development Services (53400)$1,974,113$2,075,266
Minority Enterprise Coordination and Promotion (53406)FY2001 $647,959FY2002 $648,620
Minority Enterprise Development and Improvement (53407)FY2001 $1,326,154FY2002 $1,426,646
Fund Sources: 
GeneralFY2001 $947,998FY2002 $1,048,628
Commonwealth TransportationFY2001 $1,026,115FY2002 $1,026,638

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


A. Out of the amounts for Minority Enterprise Development and Improvement shall be provided $300,000 the first year and $400,000 the second year from the general fund to further capitalize the Capital Access Fund for Disadvantaged Businesses.


B. Out of the amounts for Minority Enterprise Coordination and Promotion shall be provided $250,000 the first year from the general fund for a consultant to determine the requirements and general design of an information clearinghouse and technology assessment program for disadvantaged businesses, and $250,000 the second year from the general fund to implement the programs.