Governor's Development Opportunity Fund; grants to localities for certain federal programs. (HB988)
Introduced By
Del. Dave Nutter (R-Christiansburg) with support from co-patrons Del. Clay Athey (R-Front Royal), Del. Anne Crockett-Stark (R-Wytheville), and Del. Todd Gilbert (R-Woodstock)
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Governor's Development Opportunity fund; grants to localities to meet local matching fund requirements for certain federal programs. Provides that the Governor's Development Opportunity Fund may be used to provide grants to localities to meet local matching fund requirements for grants under the federal Economic Development Administration. Before approving a grant request, the Director of the Virginia Economic Development Partnership must certify that (i) providing the grant will enhance the competiveness of the locality and the region and the economic development goals of the Commonwealth, and (ii) the project for which the grant is requested is consistent with the Comprehensive Economic Development strategic plan for the locality and the planning commission in which the locality is located. View Full Text »
