2015 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Kilgore
Co-Patron(s): Campbell, Morefield, O'Quinn, Pillion
Restore SW VA Cultural Heritage Foundation

Item 104 #3h

Item 104 #3h

First Year - FY2015 Second Year - FY2016
Commerce and Trade
Housing and Community Development, Department of FY2015 $850,000 FY2016 $0 GF

Page 89, line 46, strike "$39,425,438" and insert "$40,275,438".
Page 91, after line 46, insert:
"K.1. Out of the amounts in this item, $850,000 the first year from the general fund shall be provided for the Southwest Virginia Cultural Heritage Foundation.
2. The foundation shall report to the Governor and the Chairmen of the House Appropriations and Senate Finance on the expenditures of the foundation and its ongoing efforts to generate revenues sufficient to sustain operations by September 1 of each year."

(This amendment provides $850,000 from the general fund in the first 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. These amounts were included in House Bill 30 as introduced to the 2014 Session but were removed in Chapter 2, 2014 Special Session 1 as part of the budget reduction strategies.)