Menu
2018 Session

Budget Amendments - SB30 (Floor Approved)

View Budget Item
View Budget Item amendments

Virginia Economic Development Partnership

Item 122 #1h

Item 122 #1h

First Year - FY2019 Second Year - FY2020
Commerce and Trade
Virginia Economic Development Partnership FY2019 $2,000,000 FY2020 $3,000,000 GF

Language
Page 96, line 41, strike "$29,597,198" and insert "$31,597,198".
Page 96, line 41, strike "$32,107,392" and insert "$35,107,392".


Explanation

(This amendment increases funding of $2,000,000 from the general fund in the first year and $3,000,000 from the general fund in the second year for marketing and business-ready site development initiatives. The Virginia Economic Development Partnership (VEDP) staff must present its plans to, and be approved by, the VEDP Board on how the funds would be utilized to increase the Commonwealth's competitiveness in these two program areas.)