1999 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Saslaw
Major League Baseball (language only)

Item 547 #6s

Item 547 #6s

Central Appropriations
Central Appropriations

Page 430, following line 19, insert:
"T.  In the event Major League Baseball grants a franchise to an ownership group to locate a Major League Baseball team in Virginia, the Governor is hereby authorized to develop a financing plan consistent with the recommendations of House Document 7 (1997) by the Joint Subcommittee Studying Funding of a Baseball Stadium.  Initial funding may cover the first year of the public portion of debt service for construction of a Major League Baseball stadium.  at the next session of the General assembly following the award of such franchise to a team to play its home games in the Commonwealth, the Governor shall submit to that General Assembly a detailed financing plan to carry out the remainder of the Commonwealth commitment to fund the public portion of debt service needed to finance construction of a Major League Baseball Stadium."

(This amendment is self explanatory.)