2022 Session

Budget Amendments - SB29 (Floor Approved)

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Virginia Business Ready Sites Program Fund

Item 130 #1s

Item 130 #1s

First Year - FY2021 Second Year - FY2022
Commerce and Trade
Virginia Economic Development Partnership FY2021 $0 FY2022 ($150,000,000) GF

Page 32, line 28, strike "$193,752,309" and insert "$43,752,309".

Page 33, line 48, unstrike "$5,562,500" strike "$155,562,500".


(This amendment is part of a series of amendments that transfers the proposed deposit of $150.0 million for the Virginia Business Ready Sites Program from the Virginia Economic Development Partnership to the Item for Economic Development Incentive Payments to ensure that the proposed new funding is used solely for grants to eligible political subdivisions. Base funding for the sites characterization program and administrative expenses of $5.6 million GF are retained at VEDP and continued in the next biennium.)