Economic Development Incentive Payments (312)
| Request Title | Transfer the Virginia Biosciences Health Research Corporation to the Virginia Innovation Partnership Authority |
| Biennium | 2020-2022 |
| Budget Round | Initial Bill |
| Category | Reorganizations |
| Region | None |
Description
|
Transfers the Virginia Biosciences Health Research Corporation (VBHRC) to the Virginia Innovation Partnership Authority, a new authority to be established in legislation to be considered during the 2020 legislative session. A corresponding amendment establishes VBHRC under the new authority. |
Funding Summary
| Object Type | FY 2020 | FY 2021 | |
| General Fund Dollars | ($3,750,000) | ($3,750,000) | |
| 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 | ($3,750,000) | ($3,750,000) | |
| By Fund | Fund Code | Fund Title | FY 2020 | FY 2021 |
| 01000 | General Fund | ($3,750,000) | ($3,750,000) |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 07-29-2025 18:33:14
