2002 Session

Budget Amendments - HB30 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Spruill
Co-Patron(s): Athey, Barlow, Christian, Councill, Crittenden, Drake, Hamilton, Joannou, Jones J.C., Jones S.C., Melvin, Oder, Sears
Payments in Lieu of Taxes

Item 77 #1h

Item 77 #1h

First Year - FY2003 Second Year - FY2004
General Services, Department of FY2003 $4,789,000 FY2004 $4,789,000 GF

Page 53, line 20, strike "$4,536,185" and insert "$9,325,185".
Page 53, line 20, strike "$6,673,416" and insert "$11,462,416".
Page 54, line 32, after "government.", insert:
"G.  Out of this appropriation, $4,789,000 the first year and
$4,789,000 the second year from the general fund shall be provided pursuant to § 58.1-3403 of the Code of Virginia as service charge payments to the four localities impacted by tax-exempt Virginia Port Authority operations, marine terminals and facilities located within their boundaries.  Notwithstanding the provisions of subsection D of
§ 58.1-3403, the Virginia Port Authority shall pay to the host localities the full amount required by § 58.1-3403 as it was effective on June 30, 2000 except during a fiscal year that the Commonwealth has fully-funded the service charge formula established by subsection D of § 58.1-3403 in which case such payments shall be governed by § 58.1-3403 as it is effective under current law.  Provided, however, the Virginia Port Authority shall not be required to pay the host localities any funds which would bring total payments to the host localities in any fiscal year to an amount which is greater than they would be entitled to when the service charge established in subsection D of § 58.1-3403 is fully-funded."

(This amendment provides payments in lieu of taxes to the host localities of the Virginia Port Authority.)