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Committee discusses BGAP funds, $2 million transfer to 'Vita' and creation of a disaster revolving loan fund
Summary
During FY26 markup the committee discussed C103 and an administration recommendation to shift part of $7 million in BGAP funds so $2 million seeds a revolving loan fund administered by an entity called 'Vita'; staff will follow up with ACCD and the administration for details.
Members of the House Appropriations Committee discussed a proposed reallocation of business grant/loan funds during the March 12 FY26 markup.
Committee members said the administration had proposed moving $2,000,000 of $7,000,000 in Business Growth and Agricultural Program (BGAP) money to an entity referred to in the transcript as "Vita" so that it could operate loans rather than issuing…
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