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2023 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Fariss
Montvale Terminal Master Redevelopment Plan

Item 115 #4h

Item 115 #4h

First Year - FY2023 Second Year - FY2024
Commerce and Trade
Department of Housing and Community Development FY2023 $0 FY2024 $500,000 GF

Language
Page 109, line 16, strike "$187,160,442" and insert "$187,660,442".

Page 111, line 4, strike the second "$3,000,000" and insert "$3,500,000".

Page 111, line 9, after "Royal." insert:

"Of the amounts in this this paragraph, $500,000 the second year is designated for a locality in the Central Virginia Planning District Commission to complete a redevelopment plan for the site of a land fuel pipeline and associated fuel storage tanks no longer in operation in Montvale, Virginia."



Explanation

(This amendment provides $500,000 for Bedford County to complete a redevelopment plan for 141 acres in Montvale, Virginia. The site is a former fuel tank storage and distribution facility, which ceased operations in 2018.)