2002 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Thomas
Co-Patron(s): Woodrum
Loan for Aviation World's Fair (language only)

Item 477 #1h

Item 477 #1h

Aviation, Department of

Page 342, line 37, strike "15,000,000" and insert "6,000,000".
Page 342, line 42, after "2003.", insert:
"The total state moneys, 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 342, strike lines 47 and 48 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 would 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.)