title
To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $150,000.00 from the Commonwealth of Virginia, and to amend the Fiscal Year 2025-2026 Special Fund Budget by creating a new special fund for the Department of Economic Development entitled "Capital Access Special Fund" and appropriating the increase to the Department of Economic Development's "Capital Access Special Fund" by $150,000.00 for the purpose of providing funding to the Metropolitan Business League and Bridging Virginia for the Capital Access Program.
body
THE CITY OF RICHMOND HEREBY ORDAINS:
? 1. That the Chief Administrative Officer, for and on behalf of the City of Richmond, is hereby authorized to accept funds in the amount of $150,000.00 from the Commonwealth of Virginia for the purpose of providing funding to the Metropolitan Business League and Bridging Virginia for the Capital Access Program.
? 2. That Article I, Section 2 of Ordinance No. 2025-057, adopted May 12, 2025, which adopted a Special Fund Budget for the fiscal year commencing July 1, 2025, and ending June 30, 2026, and made appropriations pursuant thereto, be and is hereby amended by creating a new special fund for the Department of Economic Development entitled "Capital Access Special Fund" for the purpose of providing funding to the Metropolitan Business League and Bridging Virginia for the Capital Access Program.
? 3. That the funds received from the Commonwealth of Virginia are hereby appropriated to the Special Fund Budget for the fiscal year commencing July 1, 2025, and ending June 30, 2026, by increasing estimated revenues by $150,000.00, increasing the amount appropriated for expenditures by $150,000.00, and allotting to the Department of Economic Development's "Capital Access Special Fund" the sum of $150,000.00 for the purpose of providing funding to the Metropolitan Business League and Bridging Virginia with funding for the Ca...
Click here for full text