2022 Session

Budget Amendments - HB30 (Committee Approved)

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Provide Additional Operational Support for VEDP

Item 125 #4h

Item 125 #4h

First Year - FY2023 Second Year - FY2024
Commerce and Trade
Virginia Economic Development Partnership FY2023 $1,000,000 FY2024 $1,000,000 GF

Page 108, line 38, strike "$50,344,192" and insert "$51,344,192".
Page 108, line 38, strike "$53,844,192" and insert "$54,844,192".

Page 110, after line 12, insert:

"N. Out of this appropriation, $1,000,000 the first year and $1,000,000 the second year from the general fund is provided to add five positions for business investment activities, two positions for general incentives administration, and to cover costs for a third-party vendor to regularly audit the Authority per the Code of Virginia."


(This amendment provides $1.0 million in each fiscal year from the general fund in operating support to the Virginia Economic Development Partnership Authority. The funding included in this amendment will support 5 positions for the Authority's business investment team, 2 positions for incentives administration, and an ongoing internal audit.)