2002 Session

Budget Amendments - HB29 (Member Request)

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Chief Patron: Thomas
Co-Patron(s): Woodrum
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 "6,000,000".
Page 408, line 2, after "2003.", insert:
"The total state monies, past and future, expended for capital improvements, temporary or permanent, at Newport News/Williamsburg International Airport in connection with the Aviation World's Fair 2003 shall not exceed $13,400,000."
Page 408, line 6, after "Fund", 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 $6.0 million and requires that repayment of that loan come only from discretionary funding of the Virginia Aviation Board, not from airport entitlements. This amendment also limits total state commitment to the Aviation World's Fair project to $13.4 million.)