HB2170: Virginia Small Business Financing Authority; risk-based review of outstanding loans.


VIRGINIA ACTS OF ASSEMBLY -- CHAPTER
An Act 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.
[H 2170]
Approved

 

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.

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.