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GA Adjustment
Economic Development Incentive Payments (312)
Request Title Reduce Funding for Commonwealth's Development Opportunity Fund
Biennium 2016-2018
Budget Round Amended Bill
Half Sheet Number 106 #3c
Description

This amendment removes $1.0 million from the general fund the second year for the Commonwealth's Development Opportunity Fund (COF). The COF is a discretionary incentive available to the Governor and administered by the Virginia Economic Development Partnership to secure a business location or expansion project for Virginia. Grants are awarded to localities on a local matching basis with the expectation that the grant will result in a favorable location decision for the Commonwealth.

Funding Details
By Program Program Code Program Title FY 2016 FY 2017
  534 Economic Development Services $0 ($1,000,000)
By Fund Fund Code Fund Title FY 2016 FY 2017
  01000 General Fund $0 ($1,000,000)
Authorized Position Details
By Program Program Code Program Title FY 2016 FY 2017


p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 05:59:12