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2021 SESSION

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21101618D
HOUSE BILL NO. 2170 Offered January 13, 2021 Prefiled January 12, 2021 A BILL to amend the Code of Virginia by adding a section numbered 2.2-2312.1, relating to the Virginia Small Business Financing Authority; risk-based review of outstanding loans; report. ---------- Patrons-- Mundon King, Convirs-Fowler and Guzman ---------- Referred to Committee on General Laws ----------

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 2.2-2312.1 as follows:

§ 2.2-2312.1. Risk-based review of outstanding loans; report.

The Authority shall conduct a risk-based review of all outstanding loans at least annually and report the results of such review to the Board.