LIS > Budget Bill > Item 89 > 2014 Special Session I

Department of Agriculture and Consumer Services (301)

89.	Economic Development Services (53400)	1,360,000	1,360,000

	Financial Assistance for Economic Development (53410)	1,360,000	1,360,000

Fund Sources:	General	1,360,000	1,360,000

Authority: Title 3.2, Chapter 3.1, Code of Virginia.

A.1. Out of the amounts in this Item, $1,250,000 the first year and $1,250,000 the second year from the general fund shall be deposited to the Governor’s Agriculture and Forestry Industries Development Fund for the payment of grants or loans in accordance § 3.2-303 et seq., Code of Virginia.

2. Of the amounts provided for the fund, $250,000 the first year and $250,000 the second year shall be used to improve local economic development efforts related to agribusiness.

B. Out of the amounts in this Item, $110,000 the first year and $110,000 the second year may be used by the department to pay administrative costs.

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