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1999 Session

Budget Amendments - HB1450 (Committee Approved)

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Reprogram HMO Funds (language only)

Item 523 #16h

Item 523 #16h

Transportation
Transportation, Department of

Language
Page 408, after line 48, insert:
"K.  The Department of Transportation shall transfer $2,600,000 in the second year in surplus revenues from the Highway Maintenance and Operating Fund from general construction programs to the debt service allocation for the Route 58 Corridor Development Program, and $2,600,000 in the second year from the same source to the debt service allocation for the Northern Virginia Transportation Program.)


Explanation
(This amendment transfers $5.2 million in surplus revenues from the Highway Maintenance and Operating Fund from general construction programs to debt service allocations for the Route 58 Corridor Development Program and the Northern Virginia Transportation Program. The debt service allocations would support, in each case, the issuance of $104.3 million in additional bonds.)