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2008 SESSION

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SB 662 Virginia War Memorial; State Treasurer to advance loan for construction of an educational wing.

Introduced by: Walter A. Stosch | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Virginia War Memorial.  Requires the State Comptroller to advance a loan of $5.97 million for the state share of the construction of an educational wing for the Virginia War Memorial and the expansion of the Shrine of Memory for to include Virginians killed in action in the War on Terror, in the form of a short-term treasury loan, with no interest, upon certification by the Governor or his desginee that (i) $2 million in private funds have been raised and the funds are either available or have been expended, and (ii) the funds were or will be used to support the projects. The State Treasurer shall advance $500,000 of the $5.97 million upon certification that $1 million in private funds have been raised or expended for the educational wing.


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