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2022 Session

Budget Amendments - HB30 (Committee Approved)

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VATI Eligibility - Municipal Broadband Authorities (language only)

Item 115 #11h

Item 115 #11h

Commerce and Trade
Department of Housing and Community Development

Language

Page 100, after line 40, insert:

"5. Notwithstanding the foregoing, public broadband authorities may apply directly for Virginia Telecommunications Initiative (VATI) funds without investment from the private sector. Such awards shall not exceed 10 percent of total available VATI funds in fiscal year 2023 and 10 percent of total available VATI funds in fiscal year 2024."



Explanation

(This amendment continues current policy for the Virginia Telecommunications Initiative that allows for public broadband authorities to apply for available funding in the VATI program without a private sector partner. It allows public broadband authorities to access up to 10 percent of total available VATI resources in each fiscal year, which includes general fund and nongeneral fund sources.)