1998 Session

Budget Amendments - SB30 (Committee Approved)

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Increase NoVa Transportation Program authority and funding

Item 523 #7s

Item 523 #7s

First Year - FY1999 Second Year - FY2000
Transportation, Department of FY1999 $0 FY2000 $3,500,000 NGF

Page 306, line 10, strike "$1,168,873,057" and insert "$1,172,373,057".
Page 307, strike lines 45-50, and insert "this Item, $3,000,000 each year from the general fund, and $3,500,000 in the second year from any public right-of-way user fees attributable to the counties of Fairfax, Loudoun, and Prince William to fully support the issuance of bonds at a total authorized level of $361,900,000 for Category I, Category II, and Category III".

(This amendment increases the amount of funds dedicated to pay for an increase in the Northern Virginia Transportation Program, pursuant to the passage of Senate Bill 566. Senate Bill 566 authorizes an additional $90.9 million in Commonwealth Transportation Revenue Bonds, increasing the authorized bonds from $271.0 million to $361.9 million. The bill stipulates that only nongeneral funds will be appropriated to fund debt service. This amendment increases nongeneral funds by $3.5 million in the second year. The NGF is expected to come from public right-of-way user fees being charged to telecommunication companies.)