™Your Policy Risk Impact Agent
11 chapters · 271 sections in this title.
Va. Code Ann. § 4.1-1500 Definitions.
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As used in this chapter, unless the context requires a different meaning: "CDFI" means a community development financial institution that provides credit and financial services for underserved communities. "Fund" means the Virginia Cannabis Equity Business Loan Fund established i…
Va. Code Ann. § 4.1-1501 Virginia Cannabis Equity Business Loan Fund.
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There is hereby created in the state treasury a special nonreverting fund to be known as the Virginia Cannabis Equity Business Loan Fund, referred to in this section as "the Fund." The Fund shall be established on the books of the Comptroller. All funds appropriated for such purp…
Va. Code Ann. § 4.1-1502 Program requirements; guidelines for management of the Fund; selection of CDFI.
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A. The Authority shall establish a Program to provide loans, grants, and other supports and services to impact licensees for the purpose of promoting business ownership and economic growth by communities that have been disproportionately impacted by the prohibition of cannabis. F…
Va. Code Ann. § 4.1-1503 Annual reports.
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On or before December 1 of each year, the Authority shall report to the Secretary of Public Safety and Homeland Security, the Officer of Diversity, Equity, and Inclusion, the Governor, and the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance a…