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1999 Session

Budget Amendments - SB800 (Committee Approved)

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Airport Revolving Loan funding Recommendations (language only)

Item 519 #3s

Item 519 #3s

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, prior to the 2000 Session, appropriate funding sources 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, prior to the 2000 Session, 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.)