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2002 Session

Budget Amendments - SB30 (Committee Approved)

Sale of DOC Surplus Property (language only)

Item 3-3.04 #2s

Item 3-3.04 #2s

General Fund Deposits
Payments by the Corrections, Department of

Language
Page 421, after line 5, insert:
"§ 3-3.04 PAYMENT FROM THE SALE OF SURPLUS DEPARTMENT OF CORRECTIONS PROPERTY
The Department of Corrections shall pay into the general fund of the state treasury, on or before June 30, 2003, all proceeds from the sale of surplus property, notwithstanding the provisions of §2.2-1125 B, Code of Virginia.  The estimated amount of the payment to be received is $9,565,895."


Explanation
(This amendment directs that all proceeds related to the sale of surplus property owned by the Department of Corrections be deposited to the general fund. The amendment overrides statutes in the Code of Virginia requiring that 50 percent of the proceeds from the sale of surplus property be allocated to the Conservation Resources Fund.)