2012 Special Session I

Budget Amendments - HB1301 (Conference Report)

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Transfer VA Israel to VEDP

Item 123 #5c

Item 123 #5c

First Year - FY2013 Second Year - FY2014
Commerce And Trade
Virginia Economic Development Partnership FY2013 $127,465 FY2014 $127,465 GF

Page 84, line 24, strike "$19,478,100" and insert "$19,605,565".
Page 84, line 24, strike "$17,978,100" and insert "$18,105,565".
Page 85, after line 49, insert:
"P.1. Out of this appropriation, $127,465 the first year and $127,465 the second year from the general fund shall be provided to the Virginia-Israel Advisory Board.  In addition, the Virginia Economic Development Partnership may increase this amount by $47,896 in the first year and $47,896 in the second year to provide funding to increase Virginia's trade opportunities with Israel.
2. The Virginia-Israel Advisory Board, in concert with the Virginia Economic Development Partnership, shall report by November 15 of each year to the Chairmen of the Senate Finance and House Appropriations Committees on the board's activities, contributions to expanded international trade, and expenditure of state funds."

(This amendment transfers the funding for the Virginia Israel Advisory Board from the Department of Business Assistance to the Virginia Economic Development Partnership. A companion amendment to Item 107 removes the funding from the Department of Business Assistance.)