1999 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Watkins
Airport Revolving Loan Fund-Tobacco

Item 519 #3s

Item 519 #3s

First Year - FY1999 Second Year - FY2000
Aviation, Department of FY1999 $0 FY2000 $10,000,000 NGF

Page 402, line 7, strike "$16,427,865" and insert "$26,427,865".
"C. Contingent upon the receipt of sufficient funds, there is hereby provided $10,000,000 from state tobacco settlement funds for initial capitalization of the Virginia Airports Revolving Fund.  This appropriation is contingent upon passage of legislation creating the revolving fund."

(This amendment provides $10 million contingent upon receipt of sufficient tobacco settlement funds for capitalizing the Virginia Airports Revolving Fund. The Virginia Aviation Board will be responsible for directing how loans, grants, or other monies are allocated. It is intended that the fund will recycle loan payments to create a perpetual fund.)