125.10#1h (VITC) International Trade Corporation. HB1500

State Budget

2017 Session

Budget Amendments - HB1500 (Committee Approved)

Bill Order » Item 125.10 #1h

View Budget Item
View Budget Item amendments

International Trade Corporation

Item 125.10 #1h

Item 125.10 #1h	First Year - FY2017	Second Year - FY2018
Commerce and Trade
Virginia International Trade Corporation	FY2017 $0	FY2018 ($6,232,811)	GF

Language
Page 108, line 4, strike "$7,200,266" and insert "$967,455".

Page 108, strike lines 3 through 15.

Explanation

(This amendment eliminates language to establish the Virginia International Trade Corporation and transfers $6,232,811 from the general fund in fiscal year 2018 funding, thus leaving international trade development and marketing responsibilities in the current location as part of the Virginia Economic Development Partnership.)

Item 125.10

Item 125.10	First Year - FY2017	Second Year - FY2018
Economic Development Services (53400)	$0	$7,200,266
Economic Development Services (53412)	FY2017 $0	FY2018 $7,200,266
Fund Sources:
General	FY2017 $0	FY2018 $7,200,266

Authority: Title 2.2, Chapter 27, Article 11, Code of Virginia.

Out of the amounts in this Item, $3,455,000 the second year from the general fund shall be provided as follows: $950,000 to support the Virginia International Trade Alliance, $1,900,000 for the Going Global Defense Initiative and the State Trade Export Promotion grant program, and $605,000 to support Virginia exporters.

State Budget

2017 Session

Budget Amendments - HB1500 (Committee Approved)

International Trade Corporation

Item 125.10 #1h

Item 125.10 #1h

Budget Bill

2016 - 2018 Biennium

Budget Amendments

2016 - 2018 Biennium

Committee Reports

The Budget Process

Amendment Resources

Committee Resources

Budget Resources

Item 125.10