92#16c (DHCD) Enterprise Zone Study. HB30 - Conference Report

State Budget

1998 Session

Budget Amendments - HB30 (Conference Report)

Bill Order » Item 92 #16c

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Enterprise Zone Study (language only)

Item 92 #16c

Item 92 #16c
Commerce And Trade
Housing and Community Development, Department of

Language
Page 64, line 27, strike "F" and insert "F.1."
Page 64 after line 34, insert:
"2. The Department shall study the impact of the Enterprise Zone Program on stimulating new investments and job creation since the program's inception. The Department shall report on the program's costs in terms of general fund appropriations and revenue loss to the state and participating local governments as well as the program's benefits as measured by investments and jobs created by qualified and nonparticipating businesses in the zones. The study shall also address future costs of the program, specifically addressing tax credit benefits and increasing the number of zones. The Department shall submit the study by November 4, 1998, to the Chairmen of the Senate Finance Committee and the House Finance Committee."

Explanation
(This amendment directs the Department of Housing and Community Development to develop a cost/benefit study on the Enterprise Zone Program. In addition, the agency is to study future program costs and provide recommendations to address these costs. The study is to be submitted to the General Assembly by November 4, 1998.)

Item 92

Item 92	First Year - FY1999	Second Year - FY2000
Economic Development Research, Planning, and Coordination (53300)	$63,077,428	$46,087,753
Regional and Community Developmental Planning (53301)	FY1999 $8,467,064	FY2000 $2,476,300
Financial Assistance for Substate Planning (53303)	FY1999 $1,646,516	FY2000 $1,646,516
Financial Assistance for Community Development (53305)	FY1999 $52,963,848	FY2000 $41,964,937
Fund Sources:
General	FY1999 $26,913,994	FY2000 $9,924,319
Federal Trust	FY1999 $36,163,434	FY2000 $36,163,434

Authority: Title 36, §§ 36.85.16 through 36.85.36, Chapter 8 and Title 15.2, Chapter 42, Code of Virginia.

A. This appropriation includes annual membership dues to the Appalachian Regional Commission, $128,091 the first year and $128,091 the second year, from the general fund.

These dues are payable from the amounts for Regional and Community Developmental Planning.

B.1. Out of the amounts provided to the Department shall be provided $3,030,000 the first year and $3,030,000 the second year from the general fund for the Indoor Plumbing Program. In addition, an annual allocation of federal dollars will be made available to this program dependent upon the level of federal support each year. Any unexpended balance in this program at the close of business on June 30, 1998 and June 30, 1999 shall not revert to the general fund, but shall be carried forward and reappropriated.

2. The Department and local program administrators shall make every reasonable effort to provide participants basic financial counseling to enhance their ability to benefit from the Indoor Plumbing Program and to foster their movement to economic self-sufficiency.

C. Out of the amounts for Financial Assistance for Substate Planning shall be paid from the general fund:

1. To the Lenowisco Planning District Commission, $75,753 the first year and $75,753 the second year, which includes $38,610 the first year and $38,610 the second year for responsibilities originally undertaken and continued pursuant to § 15.2-4207, Code of Virginia, and the Virginia Coalfield Economic Development Authority.

2. To the Cumberland Plateau Planning District Commission, $78,812 the first year and $78,812 the second year which includes $42,390 the first year and $42,390 the second year for responsibilities originally undertaken and continued pursuant to § 15.2-4207, Code of Virginia, and the Virginia Coalfield Economic Development Authority.

3. To the Mount Rogers Planning District Commission, $40,687 the first year and $40,687 the second year.

4. To the New River Valley Planning District Commission, $40,687 the first year and $40,687 the second year.

5. To the Fifth Planning District Commission, $56,030 the first year and $56,030 the second year.

6. To the Central Shenandoah Planning District Commission, $49,698 the first year and $49,698 the second year.

7. To the Lord Fairfax Planning District Commission, $40,687 the first year and $40,687 the second year.

8. To the Northern Virginia Planning District Commission, $323,852 the first year and $323,852 the second year.

9. To the Rappahannock-Rapidan Planning District Commission, $40,687 the first year and $40,687 the second year.

10. To the Thomas Jefferson Planning District Commission, $40,687 the first year and $40,687 the second year.

11. To the Central Virginia Planning District Commission, $45,526 the first year and $45,526 the second year.

12. To the West Piedmont Planning District Commission, $52,777 the first year and $52,777 the second year.

13. To the Southside Planning District Commission, $40,687 the first year and $40,687 the second year.

14. To the Piedmont Planning District Commission, $40,687 the first year and $40,687 the second year.

15. To the Richmond Regional Planning District Commission, $163,371 the first year and $163,371 the second year.

16. To the RADCO Planning District Commission, $40,687 the first year and $40,687 the second year.

17. To the Northern Neck Planning District Commission, $40,687 the first year and $40,687 the second year.

18. To the Middle Peninsula Planning District Commission, $40,687 the first year and $40,687 the second year.

19. To the Crater Planning District Commission, $40,687 the first year and $40,687 the second year.

20. To the Accomack-Northampton Planning District Commission, $40,687 the first year and $40,687 the second year.

21. To the Hampton Roads Planning District Commission $312,818 the first year, and $312,818 the second year.

D. Out of the amounts provided to the Department shall be provided $1,290,339 the first year and $1,290,339 the second year from the general fund for the Virginia Water Project for operating costs and water and wastewater grants.

E. This appropriation includes annual membership dues in the DELMARVA Advisory Council, $7,500 the first year and $7,500 the second year from the general fund.

F. This item includes $2,200,000 the first year and $2,200,000 the second year from the general fund to carry out the provisions of §§ 59.1-282.2 and 59.1-282.3, Code of Virginia, related to the Enterprise Zone Act. Should actual grants to be awarded in each fiscal year be less than the above amounts, the excess shall revert to the general fund on June 30, 1998 and June 30, 1999.

G. Any remaining balances in the Abandoned Housing Fund, the Rural Economic Development Grant Fund, the Clean Sites Fund, the Virginia Enterprise Initiative, and the Southside Economic Development Commission shall not revert to the general fund, but shall be carried forward and reappropriated.

H.1. Out of this item, $6,000,000 the first year from the general fund is appropriated to carry out the provisions of §§ 15.2-1306 through 15.2-1310, Code of Virginia, related to the Regional Competitiveness Act. The Department may use up to $150,000 the first year from the general fund for staff support for the Regional Competitiveness Program.

2. By November 1, 1998, the Department of Housing and Community Development shall submit a report to the Secretary of Commerce and Trade detailing the program design and cost effectiveness of Regional Competitiveness Act incentives. The study shall make recommendations as to whether amendments to the act or its guidelines are necessary to further promote cooperation among localities. This study will be accomplished in cooperation with the Department of Planning and Budget.

I. Out of this item $10,000,000 the first year from the general fund shall be provided to the fiscal agent for the Richmond Centre for expansion of the Centre's convention facility.