2015 Session

Budget Amendments - HB1400 (Conference Report)

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Restore SW VA Cultural Heritage Foundation

Item 104 #1c

Item 104 #1c

First Year - FY2015 Second Year - FY2016
Commerce and Trade
Department of Housing and Community Development FY2015 $0 FY2016 $475,000 GF

Page 89, line 47, strike "$40,425,438" and insert "$40,900,438".
Page 91, after line 46, insert:
"K.1. Out of the amounts in this item, $475,000 the second year from the general fund shall be provided for the Southwest Virginia Cultural Heritage Foundation.
2. The foundation shall report by September 1 of each year to the Governor and the Chairmen of the House Appropriations and Senate Finance Committees on the expenditures of the foundation and its ongoing efforts to generate revenues sufficient to sustain operations."

(This amendment provides $475,000 from the general fund in the second year for support of regional economic development activities of the Southwest Virginia Cultural Heritage Foundation. The Foundation is a state entity created to leverage significant cultural and natural heritage assets of the nineteen counties and four cities within Southwest Virginia for economic development purposes.)