Menu
1999 Session

Budget Amendments - HB1450 (Conference Report)

View Budget Item
View Budget Item amendments

Airport Revolving Loan funding Recommendations (language only)

Item 519 #3c

Item 519 #3c

Transportation
Aviation, Department of

Language
Page 402, after line 51, insert:
"C. Upon passage of Senate Bill 1203, the Secretary of Transportation and the Virginia Aviation Board shall study and recommend to the Governor and General Assembly, by September 1, 1999, appropriate funding sources and amounts for the initial capitalization of the Virginia Airports Revolving Fund."


Explanation
(This amendment directs the Secretary of Transportation and the Virginia Aviation Board to recommend appropriate funding sources and amounts, by September 1, 1999, for the initial capitalization of the Virginia Airports Revolving Fund. It is intended that the fund will recycle loan payments in order to create a perpetual fund.)