2004 Special Session I

Budget Amendments - HB5001 (Committee Approved)

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Defer Portion Semiconductor Grants

Item 506 #4h

Item 506 #4h

First Year - FY2005 Second Year - FY2006
Central Appropriations
Central Appropriations FY2005 ($2,000,000) FY2006 $0 GF

Page 376, line 40, strike "$28,999,720" and insert "$26,999,720".
Page 379, line 26, strike "$3,720,000" and insert "$2,604,000".
Page 379, line 33, strike "$3,000,000" and insert "$2,116,000".
Page 379, after line 39, insert:
"L.  It is the intent of the General Assembly to fulfill the commitments for the grant payments under the Semiconductor Memory or Logic Wafer Manufacturing Performance Grant Programs I & II, as provided for in §§ 59.1-284.14 and 59.1-284.15, Code of Virginia."

(This amendment defers a portion of the first year payments due under the semiconductor investment grants program. A total of $4,720,000 in the first year remains.)