Economic Development Incentive Payments (312)
| Request Title | Adjust funding for the Virginia Investment Partnership Grant |
| Biennium | 2020-2022 |
| Budget Round | Initial Bill |
| Category | Other spending or initiatives |
| Region | Multiple Regions |
Description
|
Reduces appropriation for the Virginia Investment Partnership Grant (VIP) based on revised payment schedules. The base includes $5.2 million the first year and $4.9 million the second year. |
Funding Summary
| Object Type | FY 2020 | FY 2021 | |
| General Fund Dollars | ($3,200) | ($258,200) | |
| Nongeneral Fund Dollars | $0 | $0 | |
| 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 2020 | FY 2021 |
| 534 | Economic Development Services | ($3,200) | ($258,200) | |
| By Fund | Fund Code | Fund Title | FY 2020 | FY 2021 |
| 01000 | General Fund | ($3,200) | ($258,200) |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 18:29:50
