2000 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Puckett
Co-Patron(s): Wampler
Appalachian School of Law

Item 124 #5s

Item 124 #5s

First Year - FY2001 Second Year - FY2002
Commerce And Trade
Virginia Economic Development Partnership FY2001 $2,100,000 FY2002 $0 GF

Page 77, line 34, strike "$21,940,031" and insert "$24,040,031".
Page 79, after line 50, insert:
"N.  Out of the amounts for this Item $2,100,000 the first year from the general fund shall be transferred to the Buchanan County Industrial Development Authority to eliminate the loan made to the Appalachian School of Law.  Such funds shall be matched on a dollar-for-dollar basis by nonstate sources before the Partnership effects the transfer."

(This amendment provides $2.1 million to repay the balance on the construction loan made to the Appalachian School of Law. The funds must be matched by nonstate sources. The school is located in Grundy.)