2005 Session

Budget Amendments - SB700 (Conference Report)

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Industrial Site Redevelopment

Item 112.10 #3c

Item 112.10 #3c

First Year - FY2005 Second Year - FY2006
Commerce And Trade
Housing and Community Development, Department of FY2005 $0 FY2006 $1,000,000 GF

Page 99, line 2, strike "$18,623,000" and insert "$19,623,000".
Page 99, strike lines 5 through 55, and insert:
"Out of the amounts for Economic and Community Development Services, $1,000,000 the second year from the general fund shall be deposited to the
Virginia Removal or Rehabilitation of Derelict Structures Fund
, which is authorized under § 36-153, Code of Virginia. These funds shall be allocated for grants to assist localities and economic development authorities in rural areas of Virginia to acquire and redevelop closed industrial sites pursuant to guidance developed by the Virginia Economic Development Partnership including, where appropriate, local match requirements."
Page 100, strike lines 1 through 58.
Page 101, strike lines 1 through 59.
Page 102, strike lines 1 through 59.
Page 103, strike lines 1 through 29.

(This amendment provides $1.0 million from the general fund in the second year for industrial site redevelopment.)