1999 Session

Budget Amendments - HB1450 (Committee Approved)

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Major Employer in Danville (language only)

Item 547 #13h

Item 547 #13h

Central Appropriations
Central Appropriations

Page 427, after line 30, insert:
"4.  Out of the amounts in this Item shall be made available $1,800,000 in the second year to assist the City of Danville retain a major employer.  Such payment shall be contingent upon an affirmative decision by such employer not to relocate its  tobacco processing facility to North Carolina. Funds shall be used to assist such employer in making a capital investment in upgrading their Virginia facility.
The Governor is authorized to repay this amount to the general fund from the flue-cured tobacco region's allocation of the community revitalization portion of the Tobacco Indemnification and Revitalization Fund, pursuant to House Bill 2635, 1999 General Assembly."

(This amendment provides financial assistance to the City of Danville to retain a major employer.)