2001 Session

Budget Amendments - SB800 (Committee Approved)

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Virginia Airport Revolving Loan Fund (language only)

Item 511 #2s

Item 511 #2s

Aviation, Department of

Page 448, after line 49, insert:
"C.  The Aviation Board and the Board of Directors of the Virginia Resources Authority shall reconsider and revise the policies governing project selection for the Virginia Airport Revolving Loan Fund.  The revised policies shall include a priority ranking or higher weighting equal to three times that of commercial service airports for Virginia's reliever and general aviation airports.  Such policies shall not include application or project construction deadlines that present an undue hardship to reliever and general aviation airports.  In addition, debt refinancings by reliever and general aviation airports shall be given equal consideration as any other project presented for consideration."

(This amendment clarifies legislative intent regarding the use of the Virginia Airport Revolving Loan Fund.)