Language Page 421, after line 14, insert:"§ 3-5.02 ASSESS RECORDATION FEEIn addition to the state recordation tax collected pursuant to § 58.1-801 A. of the Code of Virginia, there is hereby assessed a ten dollar fee on every deed admitted to record on or after July 1, 2002.”
Explanation(This amendment assesses a fee, in addition to the state recordation tax collected pursuant to § 58.1-801 A. of the Code of Virginia, on each deed admitted to record on or after July 1, 2002. The estimated revenue impact is $15 million each year.)