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2019 Session

Budget Amendments - HB1700 (Member Request)

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Chief Patron: James
Co-Patron(s): Lindsey
Urban Public-Private Partnership Redevelopment Fund

Item 106 #9h

Item 106 #9h

First Year - FY2019 Second Year - FY2020
Commerce and Trade
Department of Housing and Community Development FY2019 $0 FY2020 $5,000,000 GF

Language
Page 104, line 43, strike "$120,855,721" and insert "$125,855,721".

Page 106, line 31, strike the second "$1,500,000" and insert "$6,500,000".



Explanation

(This amendment increases $5,000,000 from the general fund in the second year for the Urban Public-Private Partnership Redevelopment fund, per §15.2-2415 to address the lack of developable land in urban areas of the Commonwealth and the high cost of redeveloping such land.)