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2018 Session

Budget Amendments - SB30 (Floor Approved)

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Economic Development Incentives

Item 103 #1h

Item 103 #1h

First Year - FY2019 Second Year - FY2020
Commerce and Trade
Economic Development Incentive Payments FY2019 $0 FY2020 ($3,000,000) GF

Language
Page 82, line 23, strike "$47,248,682" and insert "$44,248,682".

Page 85, line 15 after "year and" strike "$5,669,833" and insert "2,669,833".



Explanation

(This amendment reduces funding $3,000,000 from the general fund in the second year for the Virginia Jobs Investment Program, a workforce training incentive program, and re-purposes these resources to fund a new customized workforce development initiative in the Virginia Economic Development Partnership.)