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2000 Session

Budget Amendments - SB30 (Committee Approved)

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Recalculation of WQIF

Item 415 #11s

Item 415 #11s

First Year - FY2001 Second Year - FY2002
Natural Resources
Environmental Quality, Department of FY2001 ($9,700,000) FY2002 $0 GF
FY2001 $2,700,000 FY2002 $0 NGF

Language
Page 296, line 47, strike "$60,728,468" and insert "$53,728,468".
Page 297, line 19, strike "$20,000,000" and insert "$10,300,000".
Page 297, line 23, after "Virginia.", insert "In addition, the Fund shall include $2,700,000 of earned interest.".
Page 297, line 23, strike "Of this amount," and insert:
"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 297, strike lines 24 through 56.
Page 298, strike lines 1 through 35.


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 $2,700,000. 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. The amendment removes language that reserves funds from prior year deposits, which were authorized for the Blue Plains Wastewater Treatment Facility. These funds will now be available for awards.)