2016 Session

Budget Amendments - HB30 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Massie
Economic Development Incentives Evaluation (language only)

Item 125 #3h

Item 125 #3h

Commerce and Trade
Virginia Economic Development Partnership


Page 84, after line 15, insert:

"P. The Chairmen of the House Appropriations and Senate Finance Committees shall each appoint four members from their respective committees to a joint  subcommittee to work in conjunction with the Secretary of Commerce and Trade and the Virginia Economic Development Partnership Authority to review methods for evaluating the effectiveness of economic development incentives and determine an appropriate course of action with respect to incentive grant program management, assessment and evaluation.  As part of this review process, the Joint Subcommittee shall examine the reporting requirements set forth in Chapter 817 of the 2014 Acts of Assembly and consider changes to those requirements as needed."


(This amendment establishes a Joint Subcommittee of the House Appropriations and Senate Finance Committees to review the effectiveness of the process used to evaluate the effectiveness of the Commonwealth's economic development incentive programs.)