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2017 Session

Budget Amendments - HB1500 (Member Request)

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Chief Patron: James
Co-Patron(s): Hester
Enterprise Zone Program

Item 109 #4h

Item 109 #4h

First Year - FY2017 Second Year - FY2018
Commerce and Trade
Department of Housing and Community Development FY2017 $2,000,000 FY2018 $1,835,533 GF

Language
Page 96, line 11, strike "$39,167,730" and insert "$41,167,730".
Page 96, line 11, strike "$57,654,601" and insert "$59,490,134".


Explanation

(This amendment increases funding by $2 million from the general fund the first year and $1,835,533 from the general fund the second year for the Enterprise Zone Program by restoring the biennium amounts to Chapter 780 levels and provides an additional $1,000,000 each year to reduce pro-ration of the real property improvement grant, per the recent study conducted by the VCU Center for Urban and Regional Analysis.)