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2005 SESSION
HB 2061 Economic Development Revolving Fund; abolished.
Introduced by: R. Steven Landes | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Virginia Economic Development Revolving Fund; community development financial institution. Eliminates the Virginia Economic Development Revolving Fund and provides for the transfer of the Fund's assets and associated records from the Small Business Financing Authority to an eligible qualifying community development financial institution, upon approval by the Secretary of Commerce and Trade. The bill requires the Secretary of Commerce of Trade to report to the General Assembly by December 1, 2005.
SUMMARY AS INTRODUCED:
Virginia Economic Development Revolving Fund; community development financial institution. Eliminates the Virginia Economic Development Revolving Fund and provides for the transfer of the Fund's assets and associated records from the Small Business Financing Authority to an eligible qualifying community development financial institution, upon approval by the Secretary of Commerce and Trade.