2013 Session

Budget Amendments - HB1500 (Member Request)

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Chief Patron: Lingamfelter
Reinstate Authority of RTIAC (language only)

Item 105 #1h

Item 105 #1h

Commerce And Trade
Economic Development Incentive Payments

Page 85, line 31, after "Fund." strike the remainder of the line and insert:
"Notwithstanding the provisions of § 2.2-2233.1 D.6., unused funding from the Fund shall be awarded as originally intended by the Research and Technology Investment Advisory Committee and only reallocated if sufficient demand does not exist for the original allocation."
Page 85, strike lines 32 and 33.

(This amendment adds clarifying language to reinstate the authority of the Research and Technology Advisory Committee and reflect the original intent of the General Assembly.)