Economic Development Incentive Payments (312)
| Request Title | Invest in site development |
| Biennium | 2022-2024 |
| Budget Round | Amended Bill |
| Category | New general fund spending initiatives |
| Region | None |
Description
|
Provides appropriation to identify and acquire one or more industrial sites to be owned by the Commonwealth, or for deposit to the Business Ready Sites Program Fund, established in § 2.2-2240.2:1, Code of Virginia. Funding in the second year is contingent upon actual general fund revenue collections for fiscal year 2023 being equal to or in excess of the official fiscal year 2023 revenue estimate. |
Funding Summary
| Object Type | FY 2022 | FY 2023 | |
| General Fund Dollars | $200,000,000 | $250,000,000 | |
| 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 2022 | FY 2023 |
| 534 | Economic Development Services | $200,000,000 | $250,000,000 | |
| By Fund | Fund Code | Fund Title | FY 2022 | FY 2023 |
| 01000 | General Fund | $200,000,000 | $250,000,000 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2022 | FY 2023 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 00:30:28
