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State Budget

2024 Session

Budget Amendments - HB30 (Committee Approved)

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Revert Funds from an Inactive Economic Development Project (language only)

Item 3-1.02 #2h

Item 3-1.02 #2h
Transfers
Interagency Transfers

Language

Page 571, after line 11, insert:

"QQ. On or before June 30 the first year, the State Comptroller shall transfer an estimated $7,500,000 from Economic Development Incentive Payments, related to the cancelation of an economic development project for the Economic Development Authority of York County."

Explanation

(This amendment transfers $7.5 million from Economic Development Incentive Payments, which were previously appropriated by the General Assembly for the extension of a cruise ship port-of-call location in Yorktown. These funds were provided to incentivize and support the docking of Princess Cruises Lines in Yorktown, VA. The company has decided to dock in Norfolk, Virginia for the 2024 season.)

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