§ 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 make available to the Department of the Treasury, a working capital advance of up to $5,000,000 for start-up costs associated with implementing the Virginia Opportunity Scholarship Program pursuant to Item 125 of this act. Working capital advance amounts shall be repaid by administrative fees generated by the program.