2005 Session

Budget Amendments - HB1500 (Member Request)

Chief Patron: Callahan
JYF Land Acq

Item C-131.30 #1h

Item C-131.30 #1h

First Year - FY2005 Second Year - FY2006
Education: Other
Jamestown-Yorktown Foundation FY2005 $0 FY2006 $1,369,000 GF

Page 522, after line 7, insert:
"It is the intent of the General Assembly that should land become available adjacent to state property at Jamestown Settlement, the legislature authorizes the expenditure of a sum not to exceed $3 million from excess funds above the official forecast to purchase up to 10 acres.  Because of limited land availability and borders established by the James River and the federal government, this will be the only opportunity to acquire acreage to support future development."

"C-131.30 Property Acquisition
Fund Sources: General

(This amendment provides general funds the second year to purchase 10 acres of continuous land next to existing state property at Jamestown Settlement. The amendment also states the intent of the General Assembly regarding the authority to purchase property adjacent to the Jamestown Settlement should it become available.)