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2018 Special Session I

Budget Amendments - HB5002 (Senate Committee Approved)

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Increase Funding for GO Virginia

Item 106 #6s

Item 106 #6s

First Year - FY2019 Second Year - FY2020
Commerce and Trade
Department of Housing and Community Development FY2019 $5,000,000 FY2020 $10,000,000 GF

Language
Page 87, line 20, strike "$68,200,721" and insert "$73,200,721".
Page 87, line 20, strike "$68,200,721" and insert "$78,200,721".

Page 89, line 46, strike "$24,450,000 the first year and $24,450,000" and insert "$29,450,000 the first year and $34,450,000".

Page 90, line 2, strike "$2,250,000 the first year" and insert "$3,250,000 the first year".

Page 90, line 4, strike "$10,900,000 the first year and $10,900,000 the second year" and insert "$13,900,000 the first year and $16,900,000 the second year".

Page 90, line 7, strike "$11,300,000 the first year and $11,300,000 the second year" and insert "$12,300,000 the first year and $15,300,000 the second year".



Explanation

(This amendment increases funding for the Virginia Growth and Opportunity Fund by $5.0 million GF the first year and $10.0 million GF the second year. The additional funds are allocated as follows: an increase of $1,000,000 in the first year for capacity-building grants; an increase of $3,000,000 the first year and $6,000,000 the second year for grants based upon each region's share of the state population; and, an increase of $1,000,000 in the first year and $4,000,000 the second year for statewide competitive grants.)