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2020 Session

Budget Amendments - HB30 (Conference Report)

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VATI Program Administration

Item 114 #2c

Item 114 #2c

First Year - FY2021 Second Year - FY2022
Commerce and Trade
Department of Housing and Community Development FY2021 $275,000 FY2022 $275,000 GF
FY2021 2.00 FY2022 2.00 FTE

Language
Page 97, line 48, strike "$115,738,362" and insert "$116,013,362".
Page 97, line 48, strike "$116,738,362" and insert "$117,013,362".

Page 100, line 17, strike "and," and insert ";".

Page 100, line 19, strike "requirements."  and insert:

"requirements, and, (v) require investment from the private sector partner in the project prior to making any award from the fund at an appropriate level determined by the Department."

Page 101, after line 33, insert:

"O. Out of the amounts in this item, $1,158,647 the first year and $1,158,647 the second year from the general fund is provided for administrative support for the the Virginia Telecommunications Initiative."



Explanation

(This amendment provides additional administrative support for the VATI program at the Department of Housing and Community Development (DHCD) and includes a new paragraph itemizing the total amount appropriated for administrative support, including the base amount. It also directs DHCD to determine an appropriate investment from the private sector partner in projects receiving awards from VATI funds.)