2007 Session

Budget Amendments - HB1650 (Committee Approved)

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Remove GOF Increase

Item 462 #2h

Item 462 #2h

First Year - FY2007 Second Year - FY2008
Central Appropriations
Central Appropriations FY2007 ($5,000,000) FY2008 $0 GF

Page 499, line 26, strike "$60,857,985" and insert "$55,857,985".
Page 501, line 48, unstrike "$15,100,000".
Page 501, line 49, strike "$20,100,000".

(This amendment eliminates the proposed $5.0 million increase in first year funding for the Governor's Opportunity Fund (GOF). An appropriation of $15.1 million in the first year is retained, and along with available cash balances in the fund, more than $17.5 million remains unobligated from this Fund in the current fiscal year. In addition, since the budget was proposed by the Governor, they have learned that a firm no longer expanding in Virginia will be returning $2.25 million to the fund. This amount is in addition to all otherwise available funds for the GOF.)