Diocese of Virginia takes out $2 million "line of credit" to pursue lawsuits; pledges fall short of expectations

http://babybluecafe.blogspot.com/2008/01/virginia-episcopalian-diocese-of.html

[BabyBlueOnline] 4 Jan 2008--The Virginia Episcopalian, the official publication of the Diocese of Virginia, is reporting in the current edition that the Executive Board has "authorized the treasurer to open a $1 million line of credit to cover anticipated legal expenses for the near-term. That line has since been increased to $2 million and about $1 million has been accessed."

In addition, the Executive Board of the Diocese of Virginia authorized diocesan staff to plan "the sale of non-strategic diocesan real property" to raise needed cash.

While they are at it, they might want to ask Presiding Bishop Schori to donate her salary to the cause.