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2000 Session

Budget Amendments - SB30 (Committee Approved)

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WQIF Recalculation

Item 409 #25s

Item 409 #25s

First Year - FY2001 Second Year - FY2002
Natural Resources
Conservation and Recreation, Department of FY2001 ($4,039,170) FY2002 $0 GF
FY2001 $1,000,000 FY2002 $0 NGF

Language
Page 291, line 22, strike "$32,308,559" and insert "$29,269,389".
Page 292, line 6, strike "$14,039,170" and insert "$10,000,000".
Page 292, line 10, after "Virginia.", insert "In addition, the Fund shall include $1,000,000 of earned interest.  It is the intent of the General Assembly that all funds deposited to the Water Quality Improvement Fund as required by §10.1-2128, Code of Virginia, shall be used solely for the purposes established by the Water Quality Improvement Act of 1997 (§10.1-2117 et seq., Code of Virginia).  The Fund shall not be used for agency operating expenses or for purposes of replacing or otherwise reducing any general, nongeneral, or special funds allocated or appropriated to any state agency.".
Page 292, line 10, strike "Of this amount,".
Page 292, strike lines 11 through 13.
Page 292, strike lines 26 through 58.
Page 293, strike lines 1 through 12.


Explanation
(This amendment adjusts the deposit to the Water Quality Improvement Fund based on an error in the original calculation. This amendment appropriates interest earned on the fund, which is estimated at $1,000,000. This amendment removes language that provided for Water Quality Improvement Funds to be used for activities that are not authorized by law and restates the intent of the General Assembly as to the use of the Water Quality Improvement Fund, as established in the Virginia Water Quality Improvement Act of 1997.)