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2004 Special Session I

Budget Amendments - HB5001 (Committee Approved)

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Transfer VIA to VNHRF (language only)

Item 3-1.01 #6s

Item 3-1.01 #6s

Transfers
Interfund Transfers

Language
Page 438, after line 28, insert:
"FF. Pursuant to the "Virginia Investment Act" (SB 635, 2004 Session), the Comptroller shall transfer $30,000,000 annually from the general fund to the Virginia Natural and Historic Resources Fund. For fiscal year 2005 only, notwithstanding the transfer schedule in §58.1-638.F., the Comptroller shall transfer from the general fund to the Virginia Natural and Historic Resources Fund, $10,000,000 on or before July 31, 2004, and an additional $5,000,000 on or before December 31, 2004, and an additional $15,000,000 on or before June 30, 2005. For fiscal year 2006, the Comptroller shall transfer from the general fund to the Virginia Natural and Historic Resources Fund, $15,000,000 on or before December 31, 2005 and an additional $15,000,000
on or before June 30, 2006."


Explanation
(This amendment transfers a portion of the one cent sales tax provided by the "Virginia Investment Act" (SB 635, 2004 Session) to the Virginia Natural and Historic Resources Fund. The transfer amounts to $30.0 million annually. These funds are appropriated in Items 382 and 388.)