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