Open work item in PB work tray
GA Adjustment
Virginia Employment Commission (182)
Request Title 2024 Special Session I: Treasury loan for VEC Admin
Biennium 2024-2026
Budget Round Initial Bill
Half Sheet Number
Description

This language amendment provides that until such time as the revenues collected through the administrative fee authorized in paragraph K.1. are sufficient to support necessary administrative functions, and upon approval of the Secretary of Finance, the Commission is authorized to receive a treasury loan to cover existing necessary administrative functions and processes that cannot be covered due to declining federal funding. The treasury loan shall be repaid within three years from the revenues of the administrative fee.

Funding Details
By Program Program Code Program Title FY 2024 FY 2025
By Fund Fund Code Fund Title FY 2024 FY 2025
Authorized Position Details
By Program Program Code Program Title FY 2024 FY 2025


p3_opview - Official Enacted Budget View Operating Bullet Details - 08-01-2025 09:08:54