2005 Session

Budget Amendments - HB1500 (Member Request)

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Chief Patron: Spruill
Payment in Lieu of Taxes

Item 79 #1h

Item 79 #1h

First Year - FY2005 Second Year - FY2006
General Services, Department of FY2005 $0 FY2006 $5,800,000 GF

Page 69, line 8, strike "$2,624,895" and insert "$8,424,895".
Page 70, after line 11, insert:
"F.  Out of this appropriation $5,800,000 the second year from the general fund is provided for the payment in lieu of taxes to the cities of Norfolk, Newport News, and Portsmouth; and the County of Warren for the operations of the Virginia Port Authority.  Payments to these localities shall be made in accordance with § 58.1-3403(d), Code of Virginia."

(This amendment provides $5,800,000 the second year from the general fund to the host localities of the Virginia Port Authority.)