2004 Special Session I

Budget Amendments - SB5001 (Conference Report)

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Additional Point Source WQIF Funding

Item 388 #4c

Item 388 #4c

First Year - FY2005 Second Year - FY2006
Natural Resources
Environmental Quality, Department of FY2005 $7,500,000 FY2006 $7,500,000 GF

Page 304, line 18, strike "$60,303,091" and insert "$67,803,091".
Page 304, line 18, strike "$54,419,021" and insert "$61,919,021".
Page 305, line 2, after "D." insert "1."
Page 305, line 3, strike "$5,752,500 the first year" and insert:
"$13,252,500 the first year and $7,500,000 the second year".
Page 305, after line 7, insert:
"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 from the time of project completion 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 subsection (1) of this Paragraph."

(This amendment appropriates an additional $7,500,000 annually for point source water pollution programs. These funds will be used to provide grants to localities to upgrade their wastewater treatment facilities. The amendment also requires the Department of Environmental Quality to report on the cost-effectiveness of projects that have received grants.)