2003 Session

Budget Amendments - HB1400 (Committee Approved)

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VA Museum Arts/Payment Lieu Taxes (language only)

Item 77 #2h

Item 77 #2h

General Services, Department of

Page 68, line 1, after "C.", insert "1."
Page 68, line 16, strike "$312,521" and insert, "$158,513".
Page 68, after line 19, insert:
"2.  Beginning in the second year, the appropriation from the Virginia Museum of Fine Arts for Payments in Lieu of Taxes shall not exceed 2.5 percent of its annual general fund appropriation."

(This amendment reduces the payment in lieu of taxes provided to the City of Richmond by the Virginia Museum of Fine Arts from $312,521 to $158,513 in the second year representing 2.5 percent of the general fund appropriation for the museum.)