2022 Session

Budget Amendments - HB30 (Committee Approved)

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Natural Gas Pipeline Economic Impact Analysis

Item 125 #6h

Item 125 #6h

First Year - FY2023 Second Year - FY2024
Commerce and Trade
Virginia Economic Development Partnership FY2023 $200,000 FY2024 $0 GF

Page 108, line 38, strike "$50,344,192" and insert "$50,544,192".

Page 109, line 48, after "Item," strike "$500,000" insert "$700,000".

Page 110, after line 10, insert:

"4. Included in these amounts, $200,000 the first year is provided for the office to complete an economic impact study of expanding a natural gas pipeline to Accomac in Accomack County, Virginia. This analysis shall include a return on investment analysis on the materials used to construct the pipeline (metal or plastic) and its capacity to support business development in terms of capital investment and job creation along the eastern shore. Chesapeake Utilities shall furnish information as needed to the office to aid in the completion of this study. The office shall submit the results of this economic impact study to the Governor and General Assembly on or before December 1, 2022."


(This amendment provides $200,000 in the first year from the general fund for the Virginia Office of Education Economics to complete an economic impact study of a natural gas pipeline extension on the eastern shore.)