2001 Session

Budget Amendments - HB1600 (Committee Approved)

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Transfer of VARLF Funds

Item 525 #5h

Item 525 #5h

First Year - FY2001 Second Year - FY2002
Transportation, Department of FY2001 ($2,000,000) FY2002 $0 GF

Page 456, line 7, strike "$1,608,354,038" and insert "$1,606,354,038".
Page 461, after line 37, insert:
"P.  Out of the amounts included in this item, no more than $23,000,000 the first year from the general fund shall be appropriated to the Virginia Airports Revolving Loan Fund, notwithstanding §2 of the fourth enactment of Chapters 1019 and 1044, Acts of Assembly of 2000."

(This amendment authorizes an appropriation of no more than $23.0 million for the Virginia Airports Revolving Loan Fund. A total of $25.0 million currently is appropriated for the fund. The Virginia Resources Authority, however, needs only $23.0 million to support a recent sale of bonds for this fund. This amendment reverts the $2.0 million balance to the general fund.)