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2024 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Lopez
HB 968: Virginia Green Infrastructure Bank

Item 471 #2h

Item 471 #2h

First Year - FY2025 Second Year - FY2026
Central Appropriations
Central Appropriations FY2025 $50,000 FY2026 $50,000 GF

Language
Page 519, line 54, strike "$186,800,000" and insert "$186,850,000".
Page 519, line 54, strike "$1,300,000" and insert "$1,350,000".

Page 523, after line 14, insert:

"O. Out of this appropriation, $50,000 the first year and $50,000 the second year from the general fund is provided for start-up costs associated with the creation of the Virginia Green Infrastructure Bank. The Director, Department of Planning and Budget, shall include necessary budget actions related to the establishment of the independent authority under consideration in House Bill 968 of the 2024 General Assembly in the Budget Bill submitted to the 2025 Session of the General Assembly."



Explanation

(This amendment provides $50,000 in each yer for start-up costs associated with the creation of the Virginia Green Infrastructure Bank under consideration by the 2024 General Assembly. This is placeholder amendment until a final fiscal impact statement is produced.)