2021 Special Session I

Budget Amendments - HB1800 (Conference Report)

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HB 5001: MEI Shipping and Logistics Fund

Item 112 #2c

Item 112 #2c

First Year - FY2021 Second Year - FY2022
Commerce and Trade
Economic Development Incentive Payments FY2021 $0 FY2022 $6,330,000 GF

Page 105, line 19, strike "$58,585,483" and insert "$64,915,483".

Page 107, after line 47, insert:

"O. Out of the appropriation in this item, $6,330,000 the second year from the general fund shall be deposited to a special, nonreverting fund for the award of grants to a qualified shipping and logistics company in a qualified locality in accordance with legislation to be considered by the 2021 General Assembly and subject to performance metrics agreed to in a memorandum of understanding with the Commonwealth."


(This amendment provides the initial payment for a recently approved MEI project. Funding is contingent upon the passage of House Bill 5001 in the 2021 General Assembly.)