Economic Development Incentive Payments (312)
| Request Title | Fund the Virginia Economic Development Incentive Grant |
| Biennium | 2018-2020 |
| Budget Round | Initial Bill |
| Category | Other spending or initiatives |
| Region | Multiple Regions |
Description
|
Provides additional general fund appropriation for qualifying grants under the Virginia Economic Development Incentive Grant Program. Nongeneral fund appropriation associated with the program is removed as it is no longer required. With this adjustment, $4.4 million in FY 2019 and $3.0 million in FY 2020 will be available for payments. |
Funding Summary
| Object Type | FY 2018 | FY 2019 | |
| General Fund Dollars | $2,800,000 | $1,400,000 | |
| Nongeneral Fund Dollars | ($3,600,000) | ($3,600,000) | |
| 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 2018 | FY 2019 |
| 534 | Economic Development Services | ($800,000) | ($2,200,000) | |
| By Fund | Fund Code | Fund Title | FY 2018 | FY 2019 |
| 01000 | General Fund | $2,800,000 | $1,400,000 | |
| 09440 | Va Econ Dev Incentive Grant | ($3,600,000) | ($3,600,000) |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2018 | FY 2019 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-05-2025 18:36:14
