2003 Session

Budget Amendments - HB1400 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Rollison
FRAN Debt Service (language only)

Item 491 #8h

Item 491 #8h

Transportation, Department of

Page 461, line 3, after "Notes.", insert:
"Out of the amounts provided for this item in the second year, an amount equivalent to the debt service payment requirements on the Federal Highway Reimbursement Anticipation Notes, exclusive of general funds provided for that same purpose, shall be set aside from the highway portion of the Transportation Trust Fund prior to making the formula allocations required by § 33.1-23.1."

(This amendment directs VDOT to allocate any transportation funds required to support debt service on FRANs issued in support of VTA projects "off-the-top" prior to allocations to the primary, secondary and urban systems.)