1998 Session

Budget Amendments - HB30 (Committee Approved)

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Regional Competition Fund

Item 92 #5h

Item 92 #5h

First Year - FY1999 Second Year - FY2000
Commerce And Trade
Housing and Community Development, Department of FY1999 $4,170,000 FY2000 $3,000,000 GF

Page 62, line 25, strike "$63,077,428" and insert "$67,247,428".
Page 62, line 25, strike "$46,087,753" and insert "$49,087,753".
Page 64,  strike lines 41 through 47.
  Page 64, after line 40, insert:
"H.1.  Out of this Item $10,170,000 the first year and $3,000,000 the second year is appropriated to carry out the provisions of §§5.2-1306 through 15.2-1310, Code of Virginia related to the Regional Competitiveness Act.  Incentive funds shall be distributed by population of the qualified region and shall receive no less than $200,000 the first year.  The Department may use up to $150,000 each year from the general fund for administration of the Regional Competitiveness Program."

(This amendment provides additional general fund support for the Regional Competitiveness Fund in each year of the biennium.)