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1998 Session

Budget Amendments - HB29 (Committee Approved)

GF revenues from lawsuit--Avtex Fibers Superfund site (language only)

Item 3-3.06 #1h

Item 3-3.06 #1h

General Fund Deposits

Language
Page 168, after line 29, insert:
"§3-3.06 PAYMENT FOR AVTEX FIBERS SITE
Amounts received in settlement of a lawsuit related to the Avtex Fibers Superfund site, estimated at $1,082,000 in the second year, shall be deposited to the general fund to reimburse the Commonwealth for general fund expenditures it incurred in prior years related to this site."


Explanation
(This amendment adds language to Part 3 transfers. When the environmental clean-up of the Avtex site was initially begun by the Commonwealth, it was funded from the general fund. Accordingly, the additional revenue collected in this fiscal year (1998) from settlement of the lawsuit will be deposited into the general fund, since it is a reimbursement of a prior general fund expenditure.)