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1998 Session

Budget Amendments - SB30 (Conference Report)

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Newport News Ship

Item 547 #17c

Item 547 #17c

First Year - FY1999 Second Year - FY2000
Central Appropriations
Central Appropriations FY1999 $8,000,000 FY2000 $3,200,000 GF

Language
Page 321, line 48, strike "$23,214,200" and insert "$31,214,200".
Page 321, line 48, strike "$21,975,000" and insert "$25,175,000".
I.  This appropriation includes $8,000,000 the first year and $3,200,000 the second year from the general fund to be used for the purposes as provided for in §3 of Senate Bill 442, 1998 Session of the General Assembly.  In addition to the second year appropriation and upon certification to the Governor from the Secretary of Commerce and Trade that a qualified shipbuilder has met the conditions for reimbursement as set forth in §3 of Senate Bill 442, 1998 Session of the General Assembly, the Governor shall submit to the 1999 General Assembly amendments to the 1998 Appropriation Act (House Bill 30) providing for an additional grant award payable to such qualified builder in an amount not to exceed $30,000,000, in the aggregate, for the period July 1, 1999, through June 30, 2000."


Explanation
(This amendment implements § 3 of Senate Bill 442, regarding the shipbuilding construction and operations grant program.)