2002 Session

Budget Amendments - HB30 (Conference Report)

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Enterprise Zone Job Grants

Item 113 #1c

Item 113 #1c

First Year - FY2003 Second Year - FY2004
Commerce And Trade
Housing and Community Development, Department of FY2003 ($240,000) FY2004 ($240,000) GF

Page 77, line 40, strike "$2,200,000" and insert "$1,960,000".
Page 77, line 40, strike "$2,200,000" and insert "$1,960,000".
Page 77, line 45, strike "2,200,000" and insert "1,960,000".
Page 77, line 46, strike "2,200,000" and insert "1,960,000".
Page 78, line 4, after "2004." insert:
"Notwithstanding the provisions of §§ 59.1-282.2 and 59.1-282.3, Code of Virginia, the Department is authorized to prorate, with no repayment necessary in the next fiscal year, the amount of awards each business receives to match the appropriation for this item."

(This amendment reduces the appropriation for the enterprise zone job grant program by $240,000 each year of the biennium and authorizes the Department to prorate awards if necessary.)