2010 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Sickles
Allow Use GOF for CRCF (language only)

Item 96 #3h

Item 96 #3h

Commerce And Trade
Economic Development Incentive Payments

Page 52, after line 43, insert:
"8.  Out of the amounts in paragraph B of this item, up to $2,000,000 in the first year and $2,000,000 in the second year from the general fund may be provided to support grants and loans from the Commonwealth Research Commercialization Fund programs as set forth in § 2.2-2233.1, Code of Virginia.  These programs are designed to promote job growth through expansion of Virginia's existing high technology and research establishments and focus on organic job expansion that supports the Commonwealth's economic development strategic plan."

(This amendment authorizes the use of up to $2.0 million each year from the general fund appropriation for the Governor's Development Opportunity Fund to support the programs of the Commonwealth Research Commercialization Fund.)