2022 Special Session I

Budget Amendments - HB30 (Conference Report)

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Industrial Revitalization Fund

Item 486 #35c

Item 486 #35c

First Year - FY2023 Second Year - FY2024
Central Appropriations
Central Appropriations FY2023 $5,100,000 FY2024 $0 NGF

Page 507, line 22, strike "$744,761,272" and insert "$749,861,272".

Page 507, line 25, strike "$603,012,513" and insert "$608,112,513".

Page 508, line 4, strike "$22,500,000"'and insert "$27,600,000".

Page 508, line 18, after "investment." insert:

"Included in these amounts $2,600,000 is hereby directed to an eligible grantee for a community revitalization project. An eligible grantee for the purposes of this paragraph is a locality in the Crater Planning District Commission awarded a grant during the 2022 Industrial Revitalization Fund grant round, announced in October of 2021. As a condition of the release of these funds, the eligible grantee must enter into a Memorandum of Understanding (MOU) with the Department of Housing and Community Development that guarantees a lien against the property equivalent to the total amount of state grants and awards used to demolish or renovate the structures associated with this project and further testify to its legal authority to demolish or renovate the structures associated with the project."


(This amendment deposits $27.6 million of remaining American Rescue Plan Act Funds into the Industrial Revitalization Fund.)