2003 Session

Budget Amendments - SB700 (Member Request)

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Chief Patron: Quayle
Dredging Royalties (language only)

Item 397 #1s

Item 397 #1s

Natural Resources
Marine Resources Commission

Page 387, after line 27 insert:
"J. Notwithstanding Sections 28.2-1205 (E) and 28.2-1206 of the Code of Virginia, the maximum royalty that may be fixed by the Commission when granting a permit for the removal of bottom material that has no economically viable commercial uses or other related activities involving the use of state-owned bottom lands for a privately operated port facility shall be $400,000."

(This amendment caps the amount of royalties that the Marine Resources Commission may assess when granting a permit for the use of state-owned river bottom by a private entity developing a private port facility. The cap only applies when the dredge materials have no commercial value.)