{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/4.1-1501.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/4.1-1501.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/4.1-1501.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/4.1-1501.html"}],"law_id":68614,"edition_id":1,"section_id":68614,"structure_id":14688,"section_number":"4.1-1501","catch_line":"Virginia Cannabis Equity Business Loan Fund","history":"2021, Sp. Sess. I, cc. 550, 551.","full_text":"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 purpose and any gifts, donations, grants, bequests, and other funds received on its behalf shall be paid into the state treasury and credited to the Fund. Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund. Moneys in the Fund shall be used solely for the purposes of providing low-interest and zero-interest loans to social equity qualified cannabis licensees in order to foster business ownership and economic growth within communities that have been the most disproportionately impacted by the former prohibition of cannabis. Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller upon written request signed by the Chief Executive Officer of the Authority.","order_by":null,"text":{"0":{"id":248348,"text":"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 purpose and any gifts, donations, grants, bequests, and other funds received on its behalf shall be paid into the state treasury and credited to the Fund. Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund. Moneys in the Fund shall be used solely for the purposes of providing low-interest and zero-interest loans to social equity qualified cannabis licensees in order to foster business ownership and economic growth within communities that have been the most disproportionately impacted by the former prohibition of cannabis. Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller upon written request signed by the Chief Executive Officer of the Authority.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14688,"edition_id":1,"name":"Virginia Cannabis Equity Business Loan Program and Fund","identifier":"15","label":"chapter","depth":3,"order_by":1,"parent_id":13297,"metadata":{},"date_created":"2026-06-26 03:49:21","date_modified":"2026-06-26 03:49:21","permalink":{"id":219523,"object_type":"structure","relational_id":14688,"identifier":"15","token":"4.1\/II\/15","url":"\/4.1\/II\/15\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13297,"edition_id":1,"name":"Cannabis Control Act","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":13129,"metadata":{},"date_created":"2026-06-26 03:44:35","date_modified":"2026-06-26 03:44:35","permalink":{"id":219415,"object_type":"structure","relational_id":13297,"identifier":"II","token":"4.1\/II","url":"\/4.1\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13129,"edition_id":1,"name":"Alcoholic Beverage and Cannabis Control","identifier":"4.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:19","date_modified":"2026-06-26 03:44:19","permalink":{"id":218569,"object_type":"structure","relational_id":13129,"identifier":"4.1","token":"4.1","url":"\/4.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":71485,"structure_id":14688,"section_number":"4.1-1500","catch_line":"Definitions","url":"\/4.1-1500\/","token":"4.1\/II\/15\/4.1-1500","metadata":false},{"id":68614,"structure_id":14688,"section_number":"4.1-1501","catch_line":"Virginia Cannabis Equity Business Loan Fund","url":"\/4.1-1501\/","token":"4.1\/II\/15\/4.1-1501","metadata":false},{"id":56323,"structure_id":14688,"section_number":"4.1-1502","catch_line":"Selection of CDFI; Program requirements; guidelines for management of the Fund","url":"\/4.1-1502\/","token":"4.1\/II\/15\/4.1-1502","metadata":false},{"id":86750,"structure_id":14688,"section_number":"4.1-1503","catch_line":"Annual reports","url":"\/4.1-1503\/","token":"4.1\/II\/15\/4.1-1503","metadata":false}],"previous_section":{"id":71485,"structure_id":14688,"section_number":"4.1-1500","catch_line":"Definitions","url":"\/4.1-1500\/","token":"4.1\/II\/15\/4.1-1500","metadata":false},"next_section":{"id":56323,"structure_id":14688,"section_number":"4.1-1502","catch_line":"Selection of CDFI; Program requirements; guidelines for management of the Fund","url":"\/4.1-1502\/","token":"4.1\/II\/15\/4.1-1502","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/4.1-1501\/","history_text":false,"references":[{"id":53963,"section_number":"2.2-2499.8","catch_line":"Cannabis Equity Reinvestment Fund","order_by":null,"url":"\/2.2-2499.8\/"},{"id":71485,"section_number":"4.1-1500","catch_line":"Definitions","order_by":null,"url":"\/4.1-1500\/"}],"refers_to":false,"permalink":{"id":219529,"object_type":"law","relational_id":68614,"identifier":"4.1-1501","token":"4.1\/II\/15\/4.1-1501","url":"\/4.1-1501\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/4.1-1501\/","token":"4.1\/II\/15\/4.1-1501","dublin_core":{"Title":"Virginia Cannabis Equity Business Loan Fund","Type":"Text","Format":"text\/html","Identifier":"\u00a7 4.1-1501","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

There is hereby created in the state treasury a special nonreverting fund<\/span> to be known as the Virginia Cannabis Equity Business Loan Fund<\/span>, referred to in this section as “the Fund<\/span>.” The Fund<\/span> shall be established on the books of the Comptroller. All funds<\/span> appropriated for such purpose and any gifts, donations, grants, bequests, and other funds<\/span> received on its behalf shall be paid into the state treasury and credited to the Fund<\/span>. Interest earned on moneys in the Fund<\/span> shall remain in the Fund<\/span> and be credited to it. Any moneys remaining in the Fund<\/span>, including interest thereon, at the end of each fiscal year shall not revert to the general fund<\/span> but shall remain in the Fund<\/span>. Moneys in the Fund<\/span> shall be used solely for the purposes of providing low-interest and zero-interest loans to social equity qualified cannabis licensees<\/span> in order<\/span> to foster business ownership and economic growth within communities that have been the most disproportionately impacted by the former prohibition of cannabis. Expenditures and disbursements from the Fund<\/span> shall be made by the State Treasurer on warrants issued by the Comptroller upon written request signed by the Chief Executive Officer of the Authority<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nVIRGINIA CANNABIS EQUITY BUSINESS LOAN FUND (\u00a7 4.1-1501)\n\nThere is hereby created in the state treasury a special nonreverting fund to be\nknown as the Virginia Cannabis Equity Business Loan Fund, referred to in this\nsection as “the Fund.” The Fund shall be established on the books of\nthe Comptroller. All funds appropriated for such purpose and any gifts,\ndonations, grants, bequests, and other funds received on its behalf shall be\npaid into the state treasury and credited to the Fund. Interest earned on moneys\nin the Fund shall remain in the Fund and be credited to it. Any moneys remaining\nin the Fund, including interest thereon, at the end of each fiscal year shall\nnot revert to the general fund but shall remain in the Fund. Moneys in the Fund\nshall be used solely for the purposes of providing low-interest and\nzero-interest loans to social equity qualified cannabis licensees in order to\nfoster business ownership and economic growth within communities that have been\nthe most disproportionately impacted by the former prohibition of cannabis.\nExpenditures and disbursements from the Fund shall be made by the State\nTreasurer on warrants issued by the Comptroller upon written request signed by\nthe Chief Executive Officer of the Authority.\n\nHISTORY: 2021, Sp. Sess. I, cc. 550, 551.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}