2004 Special Session I

Budget Amendments - HB5001 (Conference Report)

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Transfer Opportunity Fund to Distressed Areas Prog

Item 506 #2c

Item 506 #2c

First Year - FY2005 Second Year - FY2006
Central Appropriations
Central Appropriations FY2005 $0 FY2006 ($1,000,000) GF

Page 376, line 40, strike "$25,784,869" and insert "$24,784,869".
Page 377, line 31, strike "$10,000,000" and insert "$9,000,000".

(This amendment redirects $1,000,000 the second year from the general fund appropriation for the Governor's Development Opportunity Fund to the Department of Housing and Community Development for a grant program geared toward attracting new and expanding businesses to economically distressed localities in the Commonwealth. A companion amendment to Item 112 increases funding for the Department of Housing and Community Development to implement the program.)