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Item 107 #2h

Commerce And Trade
Department Of Business AssistanceLanguage

Language:
Page 76, after line 40, insert:
"5. For transportation projects approved under the Public-Private Transportation Act of 1995, the maximum fee and/or premium charged by the Virginia Small Business Financing Authority pursuant to §§ 2.2-2291 and 2.2-2285, Code of Virginia, for acting as the conduit issuer for any bond financing is not to exceed $25,000 per annum."

Explanation:
(This amendment caps the charges that may be assessed by the VSBFA for service as the conduit bond issuer for public-private transportation projects.)


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