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2010 Session

Budget Amendments - HB30 (Committee Approved)

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Major Emplyment and Investment Project Site Grant Fund (language only)

Item 96 #4s

Item 96 #4s

Commerce And Trade
Economic Development Incentive Payments

Language
Page 52, line 30, strike "Up to" and insert:
"All such funds, in an amount estimated at".
Page 52, line 31, strike "may" and insert "shall".
Page 52, strike lines 32 and 33 and insert:
"deposited into the Major Employment and Investment Project Site Planning Grant Fund established pursuant to § 2.2-2240.2, Code of Virginia."


Explanation
(This amendment provides an amount estimated at $5.0 million GF from previously awarded funds that were not used and funds repaid by political subdivisions and business beneficiaries deposited in the Governor's Development Opportunity Fund to be transferred to the Major Employment and Investment Project Site Planning Grant Fund established pursuant to Senate Bill 730 of the 2010 Session.)