2003 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Hall
VA Museum Arts/Payment Lieu Taxes

Item 77 #3h

Item 77 #3h

First Year - FY2003 Second Year - FY2004
General Services, Department of FY2003 $0 FY2004 ($158,513) GF

Page 67, line 20, strike "$3,167,925" and insert "$3,009,412".
Page 68, line 1, after "C.", insert "1."
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.)