2000 Session

Budget Amendments - SB30 (Conference Report)

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Loudoun County-Economic Development (language only)

Item 548 #9c

Item 548 #9c

Central Appropriations
Central Appropriations

Page 376, after line 19, insert:
"4.  Of the amounts deposited to the Governor's Development Opportunity Fund, $1,000,000 the first year shall be transferred to fulfill the Commonwealth's obligation in attracting a major employer to Loudoun County.  The funds shall be paid to the major employer to reimburse costs incurred in the private construction of a portion of the Loudoun County Parkway.  The
Governor's Development Opportunity Fund may receive matching funds from Loudoun County to be combined with these funds for purposes of the reimbursement of the Loudoun County Parkway."

(This amendment provides $1.0 million for Loudoun County to reimburse infrastructure costs related to attracting a major employer. A companion amendment transfers $1.0 million from VDOT to the Governor's Development Opportunity Fund.)