2017 Session

Budget Amendments - SB900 (Member Request)

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Chief Patron: Carrico
Southwest VA Economic Development

Item 109 #1s

Item 109 #1s

First Year - FY2017 Second Year - FY2018
Commerce and Trade
Department of Housing and Community Development FY2017 $0 FY2018 $500,000 NGF

Page 96, line 11, strike "$57,654,601" and insert "$58,154,601".

Page 99, after line 13, insert:

"Q. In addition to the amounts provided in paragraphs C.1.,2. and 3. of this item, the Virginia Coalfields Economic Development Authority shall provide $500,000 of its nongeneral fund balances to the Lenowisco Planning District Commission who shall serve as the fiscal agent for coordinated economic development activities in the Lenowisco, Cumberland Plateau, and Mount Rogers Planning Districts."


(This amendment increases funding by $500,000 from nongeneral fund revenues of the Coalfield Economic Development Authority the second year for economic development activities in Southwest Virginia. This represents the first of an anticipated three-year need totaling $1.5 million. The Lenowiso Planning District is the fiscal agent. Funding is intended to benefit the Lenowisco, Cumberland Plateau, and Mount Rogers Planning Districts.)