VIA WQIF Point Sources

Item 388 #6s

Language
Page 304, line 18, strike "$60,303,091" and insert "$66,009,341".
Page 304, line 18, strike "$54,419,021" and insert "$61,825,271".
Page 305, after line 14, insert:
"F.1. Out of the amounts for Environmental Technical and Financial Assistance, $5,706,250 from nongeneral funds in the first year and $7,406,250 from nongeneral funds in the second year shall be deposited to the Virginia Water Quality Improvement Fund established under the Water Quality Improvement Act of 1997, Title 10.1, Chapter 21.1, Code of Virginia. The source of funds for these nongeneral fund deposits is the Virginia Natural and Historic Resources Fund pursuant to the "Virginia Investment Act" (SB 635, 2004 Session).
2. Beginning in its January 2005 Annual Report on the Virginia Water Quality Improvement Fund, the Department shall provide the following additional information for approved projects: (1) annual projections of the nutrient reductions from the grant project out to either the year the facility will reach design capacity or ten years, whichever is longer, (2) the impact the project will have on nutrient reduction goals for any associated tributary strategy, and (3) the discounted net present value of the grant award in terms of dollars per ton of nutrients removed based on the projections included in "F.2.(1)"".

Explanation
(This amendment appropriates the nongeneral funds for point source programs from the Virginia Natural and Historic Resources Fund pursuant to the "Virginia Investment Act" (SB 635, 2004 Session). These funds will be used to provide grants to localities to upgrade their waste water treatment facilities. The amendment also requires the Department of Environmental Quality to report on the cost-effectiveness of projects that have received grants.)