2003 Session

Budget Amendments - HB1400 (Committee Approved)

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Restore Funds for Oyster Reef Restoration

Item 397 #1h

Item 397 #1h

First Year - FY2003 Second Year - FY2004
Natural Resources
Marine Resources Commission FY2003 $0 FY2004 $580,000 NGF

Page 386, line 2, strike "$11,291,382" and insert "$11,871,382".
Page 387, after line 27, insert:
"K.  Included in the amounts for Oyster Propagation and Habitat Improvement is $580,000 the second year in nongeneral funds.  The source of the nongeneral funds is from dredging royalties collected by the Marine Resources Commission pursuant to § 28.2-1206, Code of Virginia, and deposited into the Marine Habitat and Waterways Improvement Fund."

(This amendment restores funding for oyster reef restoration that was eliminated in House Bill 1400, as introduced. These funds can be used to match federal funds at a rate of 25 percent state funds versus 75 percent federal funds. Failure to provide matching state funds will result in the loss of federal funds.)