2017 Session

Budget Amendments - HB1500 (Committee Approved)

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Aerospace Engine Manufacturing Supplier Cluster Grant Fund

Item 106 #1h

Item 106 #1h

First Year - FY2017 Second Year - FY2018
Commerce and Trade
Economic Development Incentive Payments FY2017 $0 FY2018 ($2,500,000) GF

Page 90, line 49, strike "$72,931,679" and insert "$70,431,679".

Page 92, line 23, strike "$2,500,000 from the Aerospace".

Page 92, line 24, strike "Engine Manufacturing Supplier Cluster Grant Fund” and insert:

“$2,500,000 general fund from the Commonwealth's Development Opportunity Fund,”.


(This amendment redirects $2,500,000 from the general fund in fiscal year 2018 funding from the Commonwealth’s Development Opportunity Fund to be used for grant obligations in accordance with §§ 59.1-284.20, 59.1-284.21, and 59.1-284.22, Code of Virginia.)