2000 Session

Budget Amendments - SB30 (Committee Approved)

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Aviation Revolving Loan Fund

Item 511 #1s

Item 511 #1s

First Year - FY2001 Second Year - FY2002
Aviation, Department of FY2001 $15,000,000 FY2002 $5,000,000 GF

Page 348, line 34, strike "$20,422,265" and insert "$35,422,265".
Page 348, line 34, strike "$21,125,765" and insert "$26,125,765".
Page 349, after line 39, insert:
"D.  Included in this item is $15,000,000 the first year from the general fund for the Virginia Airport Revolving Loan Fund pursuant to Title 5.1; Chapter 2.1, §§5.1-30.1 through 5.1-30.10.  It is the intent of the General Assembly that the Fund shall be provided to airports on an equitable basis statewide through a competitive process.
E.  Included in this item is $5,000,000 the second year from the general fund for a statewide competitive capital grant program for privately owned designated reliever airports, privately owned local service airports, and privately owned community service airports.  The Department of Aviation shall develop and report the criteria, performance measures, and reporting requirements for such a program by the 2001 General Assembly Session.  The program shall be implemented effective July 1, 2001."

(This amendment is self-explanatory.)