2011 Session

Budget Amendments - HB1500 (Conference Report)

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Brownfields Restoration and Economic Redevelopment Assistance Fund

Item 114 #6c

Item 114 #6c

First Year - FY2011 Second Year - FY2012
Commerce And Trade
Virginia Economic Development Partnership FY2011 $0 FY2012 $1,000,000 GF

Page 89, line 31, strike "$20,178,808" and insert "$21,178,808".
Page 92, after line 3, insert:
"S.  Out of the amounts for Economic Development Services shall be provided $1,000,000 in the second year from the general fund to be deposited in the Brownfields Restoration and Economic Development Fund established pursuant to § 10.1-1237, Code of Virginia."

(This amendment provides $1.0 million from the general fund in the second year for the restoration and redevelopment of brownfield sites to address environmental problems or obstacles to reuse brownfield properties so that these sites can be effectively marketed to new economic development prospects.)