2016 Session

Budget Amendments - HB30 (Conference Report)

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Brownfields Restoration Fund

Item 125 #2c

Item 125 #2c

First Year - FY2017 Second Year - FY2018
Commerce and Trade
Virginia Economic Development Partnership FY2017 $1,500,000 FY2018 $1,500,000 GF

Page 95, line 1, strike "$27,601,544" and insert "$29,101,544".
Page 95, line 1, strike "$27,601,546" and insert "$29,101,546".

Page 96, line 17, after "N.", insert "1."

Page 96, line 17, strike "$750,000" and insert "$2,250,000".

Page 96, line 18, strike "$750,000" and insert "$2,250,000".

Page 96, after line 20, insert:

"2. Before July 1, 2016, the Virginia Economic Development Partnership, in consultation with the Department of Environmental Quality, shall develop updated guidelines governing the use of the Fund and providing for grants of up to $500,000 for site remediation. The guidelines shall include a requirement that sites with potential for redevelopment and economic benefits to the surrounding community be prioritized for consideration of such grants."


(This amendment provides an additional $1.5 million each year from the general fund to the Brownfields Restoration and Economic Development Assistance Fund to move beyond assessment of properties to remediation of brownfield sites.)