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2018 Session

Budget Amendments - SB30 (Floor Approved)

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Small Business and Supplier Diversity

Item 120 #1h

Item 120 #1h

First Year - FY2019 Second Year - FY2020
Commerce and Trade
Department of Small Business and Supplier Diversity FY2019 ($4,439,269) FY2020 ($4,189,269) GF
FY2019 ($2,899,301) FY2020 ($2,574,301) NGF
FY2019 -50.00 FY2020 -50.00 FTE

Language
Page 94, line 17, strike "$7,338,570" and insert "$0".
Page 94, line 17, strike "$6,763,570" and insert "$0".


Explanation

(This amendment removes current funding levels for small business certification operations and processes and small business incentive grants from the Department of Small Business and Supplier Diversity of $4,439,269 from the general fund in the first year and $4,189,269 from the general fund in the second year and 26 FTE's, and $2,899,301 from the nongeneral fund in the first year and $2,574,301 from the nongeneral fund in the second year and 24 FTE's. In addition, there are companion amendments submitted that transfer these responsibilities to the Secretariat of Administration and the Virginia Economic Development Partnership.)