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2021 Special Session I

Budget Bill - HB1800 (Chapter 552)

Advances to Working Capital Funds

Item 3-2.01

Item 3-2.01

§ 3-2.00 WORKING CAPITAL FUNDS AND LINES OF CREDIT


§ 3-2.01 ADVANCES TO WORKING CAPITAL FUNDS


A. The State Comptroller shall make available to the Virginia Racing Commission, on July 1 of each year, the amount of $125,000 from the general fund as a temporary cash flow advance, to be repaid by December 30 of each year.


B. The State Comptroller shall provide a Working Capital Advance for up to $3,000,000 on July 1 of the first year and for up to $16,000,000 on July 1 of the second year, to the Department of Veterans Services to operate the Puller & Cabacoy Veterans Care Centers, to be repaid from revenue generated by the facilities.