125.10#2h (VITC) Virginia International Trade Corporation. HB1500

State Budget

2017 Session

Budget Amendments - HB1500 (Committee Approved)

Bill Order » Item 125.10 #2h

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Virginia International Trade Corporation

Item 125.10 #2h

Item 125.10 #2h	First Year - FY2017	Second Year - FY2018
Commerce and Trade
Virginia International Trade Corporation	FY2017 $0	FY2018 ($150,000)	GF

Language
Page 108, line 4, strike "$7,200,266" and insert "$7,050,266".

Explanation

(This amendment removes funding for the position transferred to the new Virginia International Trade Corporation from the Office of the Secretary of Commerce and Trade.)

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)

Virginia International Trade Corporation

Item 125.10 #2h

Item 125.10 #2h

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Item 125.10