2001 Session

Budget Amendments - HB1600 (Committee Approved)

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VDOT-Flexibility Language (language only)

Item 525 #9h

Item 525 #9h

Transportation, Department of

Page 461, after line 37, insert:
"P.  Notwithstanding any other provisions of law, any general fund appropriation that is not used for projects so appropriated, or that is not projected to be used in the respective fiscal year of appropriation, shall be transferred to the Transportation Trust Fund and shall be used on other transportation projects within the same transportation district in which the general fund appropriation was designated.  As part of the report required in Item 506.F.2., the Secretary of Transportation shall identify the projects involved in any such transfer of general fund appropriation."

(This amendment authorizes the Virginia Department of Transportation to transfer general fund appropriations within the respective transportation districts to meet construction cash-flow needs, in order to maximize the use of those funds. It also requires a periodic reporting of the transfers.)