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2001 Session

Budget Amendments - HB1600 (Committee Approved)

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Transfer of Port Funds

Item 525 #7h

Item 525 #7h

First Year - FY2001 Second Year - FY2002
Transportation
Transportation, Department of FY2001 ($2,000,000) FY2002 ($1,052,000) GF
FY2001 $2,000,000 FY2002 $1,052,000 NGF

Language
Page 461, after line 37, insert:
"P.  Notwithstanding §5 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 and $1,052,000 the second year from Commonwealth Transportation Funds shall be appropriated to support the water transportation system planning program administered by the Virginia Port Authority.  Of these amounts, $1,500,000 the first year and $852,000 the second year shall be used for matching funds required by the Water Resources Development Act of 1986 (Public Law 99-262), as amended, for a study of the eastward expansion of the federally owned Craney Island Dredged Material Management Area.  In addition, from these nongeneral fund appropriations, $500,000 the first year and $200,000 the second year shall be used to begin the dredging of the inbound channel of the Norfolk Harbor Channel."


Explanation
(This amendment substitutes Commonwealth Transportation Funds for the general fund appropriation for the water transportation system planning program administered by the Virginia Port Authority. The additional Commonwealth Transportation Funds result from the revised employer contribution rate to the Virginia Retirement System.)