1999 Session

Budget Amendments - HB1450 (Member Request)

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Chief Patron: Bloxom
Pay Off Rail Bonds

Item 535 #3h

Item 535 #3h

First Year - FY1999 Second Year - FY2000
Rail and Public Transportation, Department of FY1999 $0 FY2000 $4,784,565 GF

Page 413, line 39, strike "$4,000,000" and insert "$8,784,565".
Page 414, after line 12 insert:
"D.  Out of this appropriation, $4,784,565 from the general fund in the second year shall be provided to pay off the bonds issued by the Virginia Resources Authority for the purchase of the Eastern Shore Railroad.  The legal owner of the railroad is the Canonie Corporation, which is owned by the Accomack-North Hampton District Commission."

(This amendment is self-explanatory.)