Virginia Port Authority (407)
| Request Title | Support the Port of Virginia Economic Development Grant Program |
| Biennium | 2024-2026 |
| Budget Round | Initial Bill |
| Category | New general fund spending initiatives |
| Region | Hampton Roads |
Description
|
Provides support for the Port of Virginia Economic Development Grant Program, established by Section 62.1-132.3:2.1, Code of Virginia. This grant program consists of the following component programs: 1) the Economic Development and Infrastructure Development Grant Program established by Section 62.1-132.3:2.2, Code of Virginia, and 2) the International Trade Facility Grant Program established by Section 62.1-132.3:2.3, Code of Virginia. Language authorizes support for the new grant fund and programs from balances of the expiring Port of Virginia Economic and Infrastructure Development Grant Fund and a deposit from the Commonwealth's Development Opportunity Fund. |
Funding Summary
| Object Type | FY 2024 | FY 2025 | |
| General Fund Dollars | $0 | $0 | |
| 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 |
| 628 | Financial Assistance For Port Activities | $0 | $0 | |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
| 01000 | General Fund | $0 | $0 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 11-01-2025 21:06:46
