                                 CODE OF VIRGINIA

ASSISTIVE TECHNOLOGY LOAN FUND ESTABLISHED (§ 51.5-57)

A. There is hereby established a permanent and perpetual fund to be known as the
Assistive Technology Loan Fund, consisting of such moneys as may be appropriated
by the General Assembly from time to time, gifts, bequests, endowments or grants
from the United States government, its agencies and instrumentalities, all
receipts by the Fund from loans made by it, all income from the investment of
moneys held in the Fund, and any other available sources of funds, public and
private. Any moneys remaining in the Fund at the end of a biennium shall not
revert to the general fund but shall remain in the Fund. Interest and income
earned from the investment of such funds shall remain in the Fund and be
credited to it.

B. The Fund shall be used to provide loans to individuals with disabilities
within the Commonwealth for the purpose of acquiring assistive technology, other
equipment, or other authorized purposes designed to help such individuals become
more independent. The Fund shall also be used to buy down interest rates of
lending institutions making such loans and provide a loan guarantee for loans
made by lending institutions for such purposes. The Fund shall be used only
when, in the discretion of the Board, loan applicants have met eligibility
criteria and the release of money is deemed appropriate.

C. The Fund shall be administered and managed by the Authority. The costs and
expenses of maintaining, servicing and administering the Fund may be paid out of
amounts in the Fund.

HISTORY: 1995, c. 812; 2002, c. 19.