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2012 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Lopez
Reduce VMFA for HB 783 Tax Credit

Item 244 #1h

Item 244 #1h

First Year - FY2013 Second Year - FY2014
Education: Other
Virginia Museum of Fine Arts FY2013 ($2,000,000) FY2014 ($2,000,000) GF

Language
Page 176, line 19, strike "$29,228,131" and insert "$27,228,131".
Page 176, line 19, strike "$29,228,889" and insert "$27,228,889".


Explanation
(This amendment requests that new revenue associated with the food service and gift shop operation be transferred to cover the $2.5 million cost of a new Microenterprise Investment tax Credit contained in House Bill 783. A companion amendment reduces the Governor's Opportunity fund by $500,000 each year.