1999 Session

Budget Amendments - HB1450 (Committee Approved)

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Port Impact Study (language only)

Item 16 #6h

Item 16 #6h

Legislative Department
Joint Legislative Audit and Review Commission

Page 14, after line 47, insert:
"J.  JLARC shall conduct a comprehensive study of the fiscal impact of the operations of the ports of Virginia which are owned by the Commonwealth on the local governments where the ports operate.  The purpose of the study shall be to determine whether adequate compensation from the Commonwealth is provided to those localities, considering the loss of taxes or other revenues that would otherwise inure from the properties to them were the properties not owned by the Commonwealth."

(This amendment is self-explanatory.)