2014 Special Session I

Budget Amendments - SB5003 (Committee Approved)

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World Police and Fire Games

Item 101 #6s

Item 101 #6s

First Year - FY2015 Second Year - FY2016
Commerce and Trade
Economic Development Incentive Payments FY2015 $1,000,000 FY2016 $0 GF

Page 79, line 39, strike "$59,321,491" and insert "$60,321,491".
Page 79, line 42, strike "$59,071,491" and insert "$60,071,491".
Page 83, after line 6, insert:
"N. Out of this appropriation, $1,000,000 the first year from the general fund shall be provided to Fairfax County to support efforts to host an international athletic competition in 2015. The funds shall be used in accordance with a memorandum of understanding between the Commonwealth and Fairfax County."

(This amendment provides $1.0 million in FY 2015 from the general fund to support Fairfax County as it works to host the 2015 World Police and Fire Games. The World Police and Fire Games are anticipated to have a direct economic impact of $66 million, resulting in $6.7 million in state tax revenue. The amendment would require Fairfax County to enter into a memorandum of understanding with the Commonwealth regarding the use of the funds.)