2005 Session

Budget Amendments - HB1500 (Committee Approved)

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Local Incentive Funding (language only)

Item 492 #2h

Item 492 #2h

Transportation, Department of

Page 441, strike line 54.
Page 442, strike lines 1 through 26 ans insert:
"1. Pursuant to the provisions of House Bill 2330, 2005 General Assembly Session, a locality may identify a project or projects which it shall manage and administer to receive up to $2,000,000 in matching funds to assist in the maintenance, operation, or construction of the primary, urban or secondary road system infrastructure.  Notwithstanding any other provision of law, such funds may be used to take certain streets into the secondary system as outlined in § 33.1-72.1, Code of Virginia.
2.  The Department of Transportation is directed to develop procedures relating to the selection of grant recipients under the local revenue sharing program by September 1, 2005, which shall include policies designed to guide project selection should grant applications exceed the funding made available for the program.  When selecting projects, VDOT shall consider whether a locality proposes to provide a match greater than that which is required, if the maximum size of grants should be prorated to expand participation rates, and geographic breadth of grants provided.
Page 442, line 27, strike "4." and insert "3."
Page 442, line 32, strike "5." and insert "4."
Page 442, strike lines 35 through 37.
Page 442, line 38, strike "7." and insert: "5."

(This amendment amends language relating to the local revenue sharing program to reflect changes adopted pursuant to House Bill 2330, 2005 General Assembly Session. This legislation expands the VDOT revenue sharing program to cities and towns and increases the funding provided for the program to $50.0 million.)