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2014 Session

Budget Bill - SB30 (Introduced)

Department of Agriculture and Consumer Services

Item 89

Item 89

First Year - FY2015Second Year - FY2016
Economic Development Services (53400)$1,360,000$1,360,000
Financial Assistance for Economic Development (53410)FY2015 $1,360,000FY2016 $1,360,000
Fund Sources: 
GeneralFY2015 $1,360,000FY2016 $1,360,000

Authority: Title 3.2, Chapter 3.1, Code of Virginia.


A.1. Out of the amounts in this Item, $1,250,000 the first year and $1,250,000 the second year from the general fund shall be deposited to the Governor's Agriculture and Forestry Industries Development Fund for the payment of grants or loans in accordance § 3.2-303 et seq., Code of Virginia. 


2. Of the amounts provided for the fund, $250,000 the first year and $250,000 the second year shall be used to improve local economic development efforts related to agribusiness.


B. Out of the amounts in this Item, $110,000 the first year and $110,000 the second year may be used by the department to pay administrative costs.