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2020 Session

Budget Amendments - SB30 (Floor Approved)

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Governor's New Airline Service Incentive Fund

Item 134 #2s

Item 134 #2s

First Year - FY2021 Second Year - FY2022
Commerce and Trade
Virginia Tourism Authority FY2021 $825,000 FY2022 $825,000 GF

Language
Page 111, line 16, strike "$21,093,272" and insert "$21,918,272".
Page 111, line 16, strike "$21,093,272" and insert "$21,918,272".

Page 112, after line 47, insert:

"M. Out of the amounts in this Item, $825,000 the first year and $825,000 the second year from the general fund shall be deposited to the Governor's New Airline Service Incentive Fund to assist in the provision of marketing, advertising, or promotional activities by airlines in connection with the launch of new air passenger service at Virginia airports, and to incentivize airlines that have committed to commencing new air passenger service in Virginia, pursuant to the provisions of § 2.2-2320.1, Code of Virginia."



Explanation

(This amendment provides $825,000 the first year and $825,000 the second year from the general fund to establish the Governor's New Airline Service Incentive Fund administered by the Virginia Tourism Corporation. Funding would be used to assist in the provision of marketing, advertising, or promotional activities by airlines in connection with the launch of new air passenger service at Virginia airports, and to incentivize airlines that have committed to commencing new air passenger service in Virginia, pursuant to the provisions of SB 990.)