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2010 SESSION
HB 1244 Governor's Development Opportunity Fund; authority of Governor to award grants.
Introduced by: Daniel W. Marshall, III | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Governor's Development Opportunity Fund; authority to award grants. Permits the Governor to exceed the caps for any individual qualifying projects of regional or statewide interest. The bill also authorizes the Virginia Economic Development Partnership to include in its guidelines a requirement for matching local funds. The bill incorporates HB 602 (Delegate O'Bannon) and HB 1371 (Delegate Lewis).
SUMMARY AS INTRODUCED:
Governor's Development Opportunity Fund; authority to award grants. Authorizes the Governor to award grants up to 2 million dollars for projects located in a central city or urban core area.