2002 Session

Budget Amendments - HB30 (Conference Report)

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Aviation World's Fair (language only)

Item 477 #1c

Item 477 #1c

Aviation, Department of

Page 342, line 37, strike "15,000,000," and insert "6,600,000,".
Page 342, strike lines 47 and 48 insert:
"out of the discretionary funds allocated for air carrier and reliever airports prior to any discretionary distributions by the Virginia Aviation Board pursuant to §58.1-638A3b, Code of Virginia.  As long as debt service payments are required, the remaining discretionary funds shall be allocated to fund the approved requests of the other air carrier and reliever airports prior to any additional discretionary allocations to the Williamsburg/Newport News International Airport."

(This amendment reduces the tax-supported debt authorization for the Aviation World's Fair project to $6.6 million. It also requires that the debt service payments be paid from the airport's discretionary allocations.)