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1999 Session

Budget Amendments - HB1450 (Member Request)

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Chief Patron: Morgan
Coleman Bridge Bond Pay-Back Plan

Item 526 #1h

Item 526 #1h

First Year - FY1999 Second Year - FY2000
Transportation
Transportation, Department of FY1999 $0 FY2000 $4,189,437 NGF

Language
Page 409, line 13, strike "$51,963,300" and insert "$56,152,737".
Page 409, after line 29, insert:
"The Commonwealth Transportation Board shall allocate $4,189,437 in transportation revenues in the second year for the first year of a 10-year plan to pay off bonds issued to finance the Coleman Bridge replacement project.  Toll charges for use of the bridge shall be reduced proportionately to this reduction in the bond balance, which currently is $46.6 million."


Explanation
(This amendment is self-explanatory.)