2023 Session

Budget Amendments - SB800 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Ruff
Additional Support for Brownfields Restoration

Item 125 #3s

Item 125 #3s

First Year - FY2023 Second Year - FY2024
Commerce and Trade
Virginia Economic Development Partnership FY2023 $0 FY2024 $2,000,000 GF

Page 125, line 11, strike "$51,979,192" and insert "$53,979,192".

Page 126, line 3, after "first year and" strike "2,250,000" and insert "4,250,000"

Page 126, line 9, after "and include" insert "“use of funds for concrete slabs and demolition work that impede renovation and redevelopment, and”


(This amendment provides $2.0 million GF in the second year to support brownfields restoration through the Virginia Brownfields Restoration and Economic Redevelopment Assistance Fund. The fund has been fully utilized as a successful public-private economic development tool, with a high return on investment in returning properties back into productive use.)