2002 Session

Budget Amendments - SB29 (Member Request)

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Chief Patron: Governor Warner
Governor Approval Required for Port Bond Issuance (language only)

Item 538 #1g

Item 538 #1g

Virginia Port Authority

Page 423, line 38, after "equipment.", insert:
"Prior to the issuance of these bonds, the Governor shall provide approval based on the most recent estimates of transportation revenues."

(This amendment provides the Governor with final approval on the issuance of port bonds based on the most recent transportation revenue estimates.)