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SB 1013 Host Localities Economic Development Incentive and Transportation Support Funds; created, etc.
SUMMARY AS PASSED SENATE: (all summaries)
Host Cities Economic Development Incentive and Host Localities Transportation Support Funds. Creates the Host Localities Economic Development Incentive Fund, administered by the Secretary of Commerce and Trade, to support economic development, growth of existing businesses, and job creation related to the Port of Virginia in one or more host localities. The bill also creates the Host Localities Transportation Support Fund, administered by the Secretary of Transportation, to support transportation projects and facilities related to the Port of Virginia in one or more host localities. The provisions of the bill are contingent on funding in a general appropriation act.