Virginia Resources Authority; short-term loans. (HB947)

Introduced By

Del. Keith Hodges (R-Urbanna)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Virginia Resources Authority; short-term loans. Authorizes the Virginia Resources Authority to establish a revolving loan fund to make short-term loans to planning district commissions, with interest not to exceed one percent. Under the bill, the loans provide short-term cash flow to planning district commissions that receive state or federal grants that require the expenditure of funds prior to being reimbursed by grant funds. Read the Bill »

Status

01/12/2022: Awaiting a Vote in the Agriculture, Chesapeake and Natural Resources Committee

History

DateAction
01/12/2022Committee
01/12/2022Prefiled and ordered printed; offered 01/12/22 22101713D
01/12/2022Referred to Committee on Agriculture, Chesapeake and Natural Resources

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