Economic Development Incentive Payments (312)
| Request Title | Adjust funding for incentive grants |
| Biennium | 2016-2018 |
| Budget Round | Amended Bill |
| Category | Targeted Reduction |
| Region | None |
Description
|
Captures savings associated with a revised schedule of anticipated Virginia Investment Partnership and Virginia Economic Development Incentive Grant payments, and appropriates nongeneral fund cash previously deposited for payments that did not occur as scheduled. |
Funding Summary
| Object Type | FY 2016 | FY 2017 | |
| General Fund Dollars | ($942,750) | ($5,874,730) | |
| Nongeneral Fund Dollars | $0 | $4,563,880 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2016 | FY 2017 |
| 534 | Economic Development Services | ($942,750) | ($1,310,850) | |
| By Fund | Fund Code | Fund Title | FY 2016 | FY 2017 |
| 01000 | General Fund | ($942,750) | ($5,874,730) | |
| 09061 | Invest Performance Grant Subfd | $0 | $1,763,880 | |
| 09440 | Va Econ Dev Incentive Grant | $0 | $2,800,000 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2016 | FY 2017 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 01-25-2026 07:12:29
