2002 Session

Budget Bill - HB30 (Introduced)

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Secretary of Commerce and Trade

Item 96

Item 96

First Year - FY2003Second Year - FY2004
Administrative and Support Services (71900)$632,106$633,725
General Management and Direction (71901)FY2003 $632,106FY2004 $633,725
Fund Sources:  
GeneralFY2003 $632,106FY2004 $633,725

Authority: Title 2.2, Chapter 2, Article 3; § 2.2-201, Code of Virginia.

It is the intent of the General Assembly that state programs providing financial, technical, or training assistance to local governments for economic development projects or directly to businesses seeking to relocate or expand operations in Virginia should not be used to help a company relocate or expand its operations in one or more Virginia communities when the same company is simultaneously closing facilities in other Virginia communities. It is the responsibility of the Secretary of Commerce and Trade to enforce this policy and to inform the Chairmen of the Senate Finance and House Appropriations Committees in writing of the justification to override this policy for any exception.