2014 Special Session I

Budget Amendments - SB5003 (Committee Approved)

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Rolls-Royce Recalculation

Item 101 #4s

Item 101 #4s

First Year - FY2015 Second Year - FY2016
Commerce and Trade
Economic Development Incentive Payments FY2015 $0 FY2016 ($5,500,000) GF

Page 79, line 39, strike "$77,274,499" and insert "$71,774,499".
Page 79, line 42, strike "$77,024,499" and insert "$71,524,499".
Page 81, line 6, strike "$19,342,000" and insert "$13,842,000".

(This amendment reduces funding in the second year for support of an aerospace engine facility based on more recent estimates from the company as to when incentive targets will be met to qualify for full funding as authorized by the Code of Virginia.)