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2020 Session

Budget Amendments - SB30 (Committee Approved)

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Adjust Funding for Virginia Growth and Opportunity Fund

Item 114 #3s

Item 114 #3s

First Year - FY2021 Second Year - FY2022
Commerce and Trade
Department of Housing and Community Development FY2021 ($4,450,000) FY2022 ($4,450,000) GF

Language
Page 97, line 48, strike "$115,738,362" and insert "$111,288,362".
Page 97, line 48, strike "$116,738,362" and insert "$112,288,362".

Page 100, line 31, after "Item,", strike "$34,450,000" and insert "$30,000,000".

Page 100, line 31, after "year and", strike "$34,450,000" and insert "$30,000,000".

Page 100, line 43, after "(iii)", strike $15,300,000" and insert "$10,850,000".

Page 100, line 43, after "year and", strike $15,300,000" and insert "$10,850,000".



Explanation

(This amendment reduces funding for the Virginia Growth and Opportunity Fund by $4.5 million GF each year. This reduction is intended to enable resources to be reallocated to support new initiatives.)