2003 Session

Budget Amendments - HB1400 (Conference Report)

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Solar Photovoltaic Grant Program

Item 123 #1c

Item 123 #1c

First Year - FY2003 Second Year - FY2004
Commerce and Trade
Mines, Minerals and Energy, Department of FY2003 $0 FY2004 ($1,647,636) GF

Page 103, line 40, strike "$2,274,404" and insert "$626,768".
Page 103, line 52, after "Services", insert "and from carry forwards of unexpended balances".
Page 103, line 53, strike "$1,647,616" and insert "up to $1,554,000".
Page 104, line 3, strike "Notwithstanding § 45.1-392, Code of Virginia,".
Page 104, strike lines 4 through 9.
Page 104, line 3, after "Virginia.", insert:
"The Commonwealth shall fulfill the commitments made under the solar photovoltaic manufacturing incentive grant program as stipulated in § 45.1-392, Code of Virginia."

(This amendment clarifies intent concerning the payment of economic development incentives authorized by state law, reduces the second year appropriation by $1.6 million, and authorizes the use of carry forward balances to meet any program costs in fiscal year 2004.)