2002 Session

Budget Amendments - HB29 (Committee Approved)

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Reduction Aviation Loan Authorization (language only)

Item 511 #4h

Item 511 #4h

Aviation, Department of

Page 407, line 51, strike "15,000,000" and insert "6,600,000".
Page 408, line 6, strike "prior to".
Page 408, strike lines 7 and 8 and insert:
"out of the discretionary funds allocated for air carrier and reliever airports prior to any discretionary distribution by the Virginia Aviation Board pursuant to § 58.1-638(A)(3)(b), Code of Virginia."

(This amendment reduces the proposed debt authorization for the loan from the Virginia Resources Authority to the Virginia Aviation Board from $15.0 million to $6.6 million and requires that repayment of that loan come only from discretionary funding of the Virginia Aviation Board, not from airport entitlements.)