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1999 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Colgan
Northern Virginia Transportation District Fund

Item 523 #8s

Item 523 #8s

First Year - FY1999 Second Year - FY2000
Transportation
Transportation, Department of FY1999 $0 FY2000 $9,900,000 GF

Language
Page 403, line 46, strike "$1,269,496,638" and insert "$1,279,396,638".
Page 405, line 48, strike "$2,100,000" and insert "$12,000,000".  
Page 405, line 49, after "fund:" insert:
"it is the intent of the General Assembly that this funding commitment be continued over the life of any authorized debt to pay for this program."
Page 406, line 7, After "Funds." insert:
"It is the intent of the General Assembly that this funding be continued over the life of any authorized debt to pay for this program."


Explanation
(This amendment increases general fund support for the Northern Virginia Transportation District Fund from 'up to $2,100,000' in the second year to 'up to $12,000,000' in the second year. It is anticipated that the increase in general fund support will allow the issuance of an additional $104 million in NVTD bonds for high-priority transportation projects in Northern Virginia. In addition, language has been added to clarify that both the general fund appropriations and the Commonwealth Transportation Fund support shall be continued over the life eof the NVTD program. )