Economic Development Incentive Payments (312)
| Request Title | Reduce the Virginia Investment Performance Grant appropriation and provide payment flexibility |
| Biennium | 2024-2026 |
| Budget Round | Amended Bill |
| Category | New general fund spending initiatives |
| Region | Multiple Regions |
Description
|
Updates appropriation for the Virginia Investment Performance Grant based on anticipated distributions and adds language to clarify that any excess funds remaining in the Fund from prior years for projects previously approved shall be appropriated for expenditure in subsequent years. |
Funding Summary
| Object Type | FY 2024 | FY 2025 | |
| General Fund Dollars | ($390,000) | ($403,600) | |
| 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 2024 | FY 2025 |
| 534 | Economic Development Services | ($390,000) | ($403,600) | |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
| 01000 | General Fund | ($390,000) | ($403,600) |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-21-2025 04:51:44
