Item 454 | First Year - FY2027 | Second Year - FY2028 |
|---|---|---|
| Economic Development Services (53400) | $5,425,150 | $3,425,150 |
| Financial Assistance for Economic Development (53410) | FY2027 $5,425,150 | FY2028 $3,425,150 |
| Fund Sources: | ||
| General | FY2027 $2,950,651 | FY2028 $950,651 |
| Trust and Agency | FY2027 $2,474,499 | FY2028 $2,474,499 |
Authority: Title 2.2, Chapter 2, Article 11 Code of Virginia
A.1. The Secretary of Veterans and Defense Affairs may utilize up to $3,000,000 of dedicated special revenue cash balances to support the mitigation of adverse impacts on military operations caused by encroachment of incompatible uses at the Naval Auxiliary Landing Field Fentress, Joint Base Langley Eustis, Naval Air Station Oceana, and Marine Corps Base Quantico. This funding shall be used to provide additional assistance to localities in which these four military installations are located for the purpose of purchasing property or development rights and otherwise converting such property to an appropriate compatible use and prohibiting new uses or development which is deemed incompatible with missions arising from these four military installations.
2. Included in this appropriation is $350,000 the first year and $350,000 the second year from the general fund for encroachment mitigation activities in the vicinity of Joint Base Langley Eustis.
B. Included in this appropriation is $600,000 in the first year and $600,000 in the second year from the general fund to support the recommendations of the Governor's Commission on Military Installations and Defense Activities.
C. The Secretary of Veterans and Defense Affairs may submit project requests that improve, expand, develop, or redevelop a federal or state military installation or its supporting infrastructure, to enhance its military value to the MEI Project Approval Commission established pursuant to § 30-309, Code of Virginia. The Commission shall recommend approval or denial of such packages to the General Assembly. The authority of the Commission to consider and evaluate such projects shall be in addition to the authorities provided to the MEI Project Approval Commission and § 30-310, Code of Virginia.
D. Out of the amounts in this Item, $2,000,000 the first year from the general fund is provided for the Virginia Military Community Infrastructure Grant Program.