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2016 Session

Budget Bill - HB29 (Enrolled)

Department of Agriculture and Consumer Services

Item 89

Item 89 (Not set out)

First Year - FY2015Second Year - FY2016
Economic Development Services (53400)$1,110,000$1,110,000
Financial Assistance for Economic Development (53410)FY2015 $1,110,000FY2016 $1,110,000
Fund Sources:  
GeneralFY2015 $1,110,000FY2016 $1,110,000

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


A. Out of the amounts in this Item, $1,000,000 the first year and $1,000,000 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.  In addition to the amounts included in this Item, the Governor at his discretion may authorize the expenditure of up to $250,000 in each year from the amounts appropriated in Item 101.A.1.



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.