Source: https://budget.lis.virginia.gov/amendment/2017/1/HB1500/Introduced/FA/106/2h/
Timestamp: 2020-02-18 22:35:48
Document Index: 168792777

Matched Legal Cases: ['§ 2', '§ 2', '§ 2', '§ 58', '§ 59', '§ 2', '§ 2', '§ 59', '§ 23', '§ 32', '§ 2', '§ 59']

106#2h (EDIP) Pulp, Paper and Fertilizer Advanced Manufacturing Performance Grant Program Fund. HB1500 - Floor Approved
Bill Order » Item 106 #2h
Pulp, Paper and Fertilizer Advanced Manufacturing Performance Grant Program Fund
Item 106 #2h
Economic Development Incentive Payments FY2017 $0 FY2018 ($3,000,000) GF
Page 90, line 49, strike "$72,931,679" and insert "$69,931,679".
Page 92, line 45, strike “$5,000,000” and insert, “$2,000,000”.
(This amendment reduces fiscal year 2018 funding by $3,000,000 from the general fund for the Pulp, Paper and Fertilizer Advanced Manufacturing Performance Grant Program Fund to coincide with anticipated investment and job creation performance grant awards.)
Economic Development Services (53400) $63,984,360
$52,541,610 $54,809,529
$72,931,679
Financial Assistance for Economic Development (53410) FY2017 $63,984,360
$52,541,610 FY2018 $54,809,529
General FY2017 $63,834,360
$52,391,610 FY2018 $53,859,529
$52,255,799
Special FY2017 $0 FY2018 $15,162,000
$5,513,880
B.1. Out of the appropriation for this Item, $3,665,060$2,722,310 the first year and $5,295,060$2,220,330 the second year from the general fund shall be deposited to the Investment Performance Grant subfund of the Virginia Investment Partnership Grant Fund to be used to pay investment performance grants in accordance with § 2.2-5101, Code of Virginia. In the second year, $1,763,880 from the Investment Performance Grant subfund of the Virginia Investment Partnership Grant Fund is hereby appropriated and shall be used to pay investment performance grants in accordance with § 2.2-5101, Code of Virginia.
D. Out of the appropriation for this Item, $6,000,000 the first year and $3,000,000 the second year from the general fund and an amount estimated at $150,000 the first year and $150,000 the second year from nongeneral funds shall be deposited to the Governor's Motion Picture Opportunity Fund, as established in § 2.2-2320, Code of Virginia. These nongeneral fund revenues shall be deposited to the fund from revenues generated by the digital media fee established pursuant to § 58.1-1731, et seq., Code of Virginia. Such funds shall be used at the discretion of the Governor to attract film industry production activity to the Commonwealth.
E. Out of the appropriation for this Item, $8,878,000$378,000 the first year and $3,729,000 the second year from the general fund shall be deposited to the Aerospace Engine Manufacturer Workforce Training Grant Fund used in support of the location of an aerospace engine facility in Prince George County. In the second year, $2,500,000 from the Aerospace Engine Manufacturing Supplier Cluster Grant Fund, $11,000,000 from the Aerospace Manufacturing Performance Grant Fund, and $1,662,000 from the Aerospace Manufacturer Workforce Training Grant Fund is hereby appropriated. These funds mayshall be used for grants in accordance with §§ 59.1-284.20, 59.1-284.21, and 59.1-284.22, Code of Virginia. The Director, Department of Planning and Budget shall transfer these funds to the impacted state agencies upon request to the Director, Department of Planning and Budget by the respective state agency.
F.1. Out of the appropriation for this Item, $4,200,000 the first year and $4,400,000$1,600,000 the second year from the general fund shall be deposited to the Virginia Economic Development Incentive Grant subfund of the Virginia Investment Partnership Grant Fund to be used to pay investment performance grants in accordance with § 2.2-5102.1, Code of Virginia. In the second year, $800,000$3,600,000 from the Virginia Economic Development Incentive Grant subfund of the Virginia Investment Partnership Grant Fund is hereby appropriated and shall be used to pay investment performance grants in accordance with § 2.2-5102.1, Code of Virginia.
H. Out of the appropriation for this Item, $2,000,000 the first year and $3,000,000$5,000,000 the second year from the general fund shall be deposited to the Pulp, Paper, and Fertilizer Advanced Manufacturing Performance Grant Program Fund to be used for performance grants in accordance with § 59.1-284.28, Code of Virginia.
I.1. Out of the appropriation for this Item, $2,500,000 the first year and $5,000,000 the second year from the general fund shall be provided for the Virginia Biosciences Health Research Corporation (VBHRC), a non-stock corporation research consortium initially comprised of the University of Virginia, Virginia Commonwealth University, Virginia Polytechnic Institute and State University, George Mason University and the Eastern Virginia Medical School. The consortium will contract with private entities, foundations and other governmental sources to capture and perform research in the biosciences, as well as promote the development of bioscience infrastructure tools which can be used to facilitate additional research activities. The Director, Department of Planning and Budget, is authorized to provide these funds to the non-stock corporation research consortium referenced in this paragraph upon request filed with the Director, Department of Planning and Budget by VBHRC.
8. Up to $2,500,000 of the funds managed by the Commonwealth Health Research Board (CHRB), created pursuant to § 23-278 § 32.1-162.23, Code of Virginia, shall be directed toward collaborative research projects, approved by the boards of the VBHRC and CHRB, to support Virginia's core bioscience strengths, improve human health, and demonstrate commercial viability and a high likelihood of creating new companies and jobs in Virginia.
J.1. Out of this appropriation, $209,859 the first year and $209,868 the second year from the general fund shall be provided to the Virginia-Israel Advisory Board.
K. Out of this appropriation, $5,669,833 the first year and $5,669,833 the second year from the general fund shall be available for eligible businesses under the Virginia Jobs Investment Program. Pursuant to § 2.2-1611, Code of Virginia, the appropriation provided for the Virginia Jobs Investment Program for eligible businesses shall be deposited to the Virginia Jobs Investment Program Fund.
L. Out of this appropriation $500,000 the first year and $500,000 the second year from the general fund is provided for the purpose of attracting new tourism and hospitality projects and expanding existing tourism and hospitality projects in the Commonwealth. Funds shall be disbursed through the Virginia Tourism Authority as grants or loans to political subdivisions or business entities authorized to transact business in the Commonwealth based on criteria as approved by the Governor. The Governor shall transmit his specific criteria for awarding and distributing these funds to the Chairmen of the House Committee on Appropriations and the Senate Finance Committee prior to any expenditure of this appropriation.
M. Out of this appropriation, $500,000 the first year and $500,000 the second year from the general fund may be provided to the Virginia Economic Development Partnership to facilitate additional domestic and international marketing and trade missions approved by the Governor. The Director, Department of Planning and Budget, is authorized to provide these funds to the Virginia Economic Development Partnership upon written approval of the Governor.
N. Out of the appropriation in this Item, $6,000,000 the second year from the general fund shall be deposited to the Advanced Shipbuilding Production Facility Grant Fund for a grant to be paid in accordance with § 59.1-284.29 E., Code of Virginia.