1999 Session

Budget Amendments - HB1450 (Committee Approved)

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Reversion to Town Status (language only)

Item 4-1.03 #1h

Item 4-1.03 #1h

Appropriation Transfers

Page 511, after line 8, insert:
"d)  In the event of the transition of a city to town status pursuant to the provisions of Chapter 41 (§15.2-4100 et seq.) of Title 15.2, Code of Virginia, subsequent to July 1, 1999, the provisions of §15.2-1302 shall govern distributions from state agencies to the county in which the town is situated, and the Director of the Department of Planning and Budget is authorized to transfer appropriations or portions thereof within a state agency, or from one such agency to another, if necessary to fulfill the requirements of §15.2-1302."

(This amendment implements the provisions of § 15.2-1302, Code of Virginia relating to the fiscal impact on cities which revert to town status, and assures that financial policies and procedures will be consistent with those provisions.)