2015 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Petersen
Virginia-Korea Advisory Board

Item 101 #3s

Item 101 #3s

First Year - FY2015 Second Year - FY2016
Commerce and Trade
Economic Development Incentive Payments FY2015 $200,000 FY2016 $200,000 GF
FY2015 1.00 FY2016 1.00 FTE

Page 84, line 24, strike "$62,076,436" and insert "$62,276,436".
Page 84, line 24, strike "$79,113,444" and insert "$79,313,444".
Page 88, following line 11, insert:
"P.1. Out of this appropriation, $200,000 the first year and $200,000 the second year from the general fund shall be provided to the Virginia-Korea Advisory Board.
2. The Virginia-Korea Advisory Board shall seek prior approval of all travel and related expenditures from the Secretary of Commerce and Trade.
3. The Virginia-Korea Advisory Board shall report by January 15 of each year to the Chairmen of the Senate Finance and House Appropriations Committees on the board's activities and expenditures of state funds."

(This amendment establishes funding and reporting requirements for the Virginia-Korea Advisory Board consistent with the requirements for the Virginia-Israel Advisory Board. This amendment is a companion to SB 883.)