2015 Session

Budget Amendments - HB1400 (Committee Approved)

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Coalfield Economic Development Authority

Item 120 #1h

Item 120 #1h

First Year - FY2015 Second Year - FY2016
Commerce and Trade
Virginia Economic Development Partnership FY2015 $0 FY2016 ($1,200,000) GF

Page 98, line 29, strike "$19,376,464" and insert "$18,176,464".
Page 99, line 26, after "H." strike "1."
Page 99, strike lines 29 through 32.

(This amendment removes a proposed appropriation for the Virginia Coalfield Economic Development Authority that is proposed to help hold the Authority harmless from any reduction in funding that would occur if a companion proposal to cap the Coalfield Employment Tax Credit were to be adopted. A companion amendment to Item 3-5.16 eliminates the proposed change to that tax credit. The intent is that if the change were to occur, this funding would be reinstated.)