2024 Session

Budget Amendments - HB30 (Floor Approved)

View Budget Item
View Budget Item amendments

Redirect Proposed Funding for Consultants

Item 471 #5h

Item 471 #5h

First Year - FY2025 Second Year - FY2026
Central Appropriations
Central Appropriations FY2025 ($500,000) FY2026 $0 GF

Page 519, line 54, strike "$186,800,000" and insert "$186,300,000".

Page 522, strike lines 29 through 33, and insert:

"K. Notwithstanding the provisions of § 2.2-115, Code of Virginia, the Governor may direct up to $500,000 the first year from the Commonwealth Development Opportunity Fund for the purpose of developing relevant capabilities, conducting planning, and evaluating potential economic incentives to attract sports teams to the state. The Commonwealth of Virginia is prepared to consider economic development proposals that are in the best interest of Virginia taxpayers to assist in relocating sports teams and their associated facilities to the state."


(This amendment redirects $500,000 provided in the first year from the general fund for the Secretary of Finance to study economic development incentives to recruit sports teams and their facilities to the state to other budget initiatives. The language authorizes the Governor to use up to $500,000 from the Commonwealth Development Opportunity Fund for this purpose.)