HB4175 HFA Boggs & White

    Delegates Boggs and White move to amend the Senate amendment to the bill on page two, section eight, line eight, following the word “program”, by inserting a colon and the following:

    “Provided, That the authorization also identify an appropriate source of funding for the loans”;

    On page three, section eight, line one, following “(e)”, by inserting the following:

    “The source of principal for any loan provided under this section shall be from funds appropriated to the Civil Contingent Fund or from any other appropriation designated for or applicable to the purpose of providing state of emergency loans to small businesses.”;

    On page three, section eight, line two, following the word “exceed” by striking “$15,000" and inserting in lieu thereof “$20,000";

    On page three, section eight, line twelve, following the word “state” and the period, by inserting the following:

    “Payments of principal shall be credited back to the source of funding, or if the source of funding has expired, to the general revenue fund of the state.”;

    On page three, section eight, line twenty, following the word “agreement” by inserting the following:

    “and any costs to the state for the collection”;

    On page four, section eight, line six, following the word “applicant” and the comma, by inserting the words “required security”;

    And, on page four, section eight, following line eleven, by striking the words “Legislature’s joint committee” and inserting in lieu thereof “Joint Committee on Government and Finance”.