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2001 Session

Budget Amendments - HB1600 (Committee Approved)

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Transfer of Smithsonian Funds

Item 525 #6h

Item 525 #6h

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

Language
Page 461, after line 37, insert:
"P.  Notwithstanding §4 of the fourth enactment of Chapters 1019 and 1044, Acts of Assembly of 2000, out of the amounts included in this Item, a total of $2,000,000 the first year from the Commonwealth Transportation Fund shall be designated to the Smithsonian Institution for the "Virginia Appropriation" pursuant to the requirements of the Memorandum of Understanding between the Commonwealth and the Smithsonian Institution."


Explanation
(This amendment substitutes Commonwealth Transportation Funds for the general fund appropriation to serve as Virginia's commitment to the Smithsonian Institution for the National Air and Space Museum Extension. The additional Commonwealth Transportation Funds result from the revised employer contribution rate to the Virginia Retirement System.)