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2004 SESSION
SB 676 Cultural Economic Development Revolving Fund and Advisory Board; created, report.
Introduced by: William C. Wampler, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Virginia Cultural Economic Development Revolving Fund. Creates the Virginia Cultural Economic Development Revolving Fund ("Fund") for the purposes of improving the cultural institutions and organizations and economic development prospects and interests of the Commonwealth through collaboration with Virginia’s local governments. An advisory board is created to assist the Virginia Resources Authority in managing the Fund. The Fund shall be used to make grants or loans to local governments for projects within the purposes of the Fund. The state vehicle rental tax is increased from four percent to six percent, with the additional revenues from such increase to be deposited into the Fund.
FULL TEXT
HISTORY
- 01/23/04 Senate: Presented & ordered printed 049840836
- 01/23/04 Senate: Referred to Committee on Finance
- 02/12/04 Senate: Stricken at request of Patron in Finance by voice vote