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1996 Session

Budget Bill - SB30 (Introduced)

Virginia Economic Development Partnership

Item 96

Item 96

First Year - FY1997Second Year - FY1998
Administrative and Support Services (54900)$5,106,626$6,427,326
General Management and Direction (54901)FY1997 $2,101,608FY1998 $2,397,608
Computer Services (54902)FY1997 $892,325FY1998 $1,917,025
Other Services (54999)FY1997 $2,112,693FY1998 $2,112,693
Fund Sources: 
GeneralFY1997 $4,565,656FY1998 $5,886,356
SpecialFY1997 $540,970FY1998 $540,970

Authority: Title 2.1, Chapter 32.1, Code of Virginia, and Discretionary Inclusion.


A. Out of the amounts for Other Services is provided $1,590,623 from the general fund and $522,070 from nongeneral funds in both the first year and the second year for the Software Productivity Consortium (SPC) lease payments pursuant to the Commonwealth's March 1985 agreement with SPC. Any unexpended balances at the close of business on June 30, 1996, and June 30, 1997, for such lease payments shall not revert to the surplus of the general fund but shall be carried forward on the books of the Department of Accounts.


B. Out of the amounts for Administrative and Support Services, the Director is authorized to expend from the general fund an amount necessary to provide reimbursement of expenses for the Private Enterprise Commission established pursuant to § 9-325, Code of Virginia.


C. No amounts shall be spent by the Partnership to develop data layers for entry into a Geographic Information System for economic development purposes until such time as the Director certifies to the Secretary of Commerce and Trade and the Director of the Department of Planning and Budget that he has executed agreements with other State agencies with a significant interest in such a system to share data and to develop a standardized method for entering and retrieving data.


D. The Virginia Economic Development Partnership shall provide administrative and support services for the Department of Economic Development until a new business services agency is able to provide such services.


E. Notwithstanding the provisions of the Workforce Transition Act of 1995, any employee who transfers from the Department of Economic Development to the Virginia Economic Development Partnership shall not be considered to be involuntarily separated from State service and therefore shall not be eligible for the severance benefits conferred by that act.


F. Upon authorization of the Governor, the Virginia Economic Development Partnership may transfer funds appropriated to it by this act to a non-stock corporation.


G. Before the beginning of each fiscal year, the Virginia Economic Development Partnership shall provide to the Director of the Department of Planning and Budget a report of its operating plan. Within two months after the end of the fiscal year, the Partnership shall submit an expenditure report for the concluded fiscal year. The format for both reports shall be developed with and approved by the Department of Planning and Budget.