2005 Session

Budget Amendments - SB700 (Conference Report)

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Local Incentive Funding (language only)

Item 492 #2c

Item 492 #2c

Transportation, Department of

Page 442, line 4, strike "$40,000,000 the first year from the general".
Page 442, line 5, strike "fund and"
Page 442, strike lines 18 through 26.
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, after line 45, insert:
"E.1. Notwithstanding the provisions of § 33.1-75.1, Code of Virginia, the revenue sharing program shall be funded at $50,000,000 from the Transportation Trust Fund in the second year.  This amount includes $35,000,000 from the Transportation Trust Fund included in this item as well as the $15,000,000 appropriated in Item 488 B. In addition to those localities eligible to participate pursuant to the provisions of § 33.1-75.1, Code of Virginia, any city or town that maintains its roadways may also receive matching funds under this program.  Participating localities may identify a project or projects to receive up to $1,000,000 in dollar for dollar 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."

(This amendment amends language relating to the local revenue sharing program, expands program to cities and towns and increases the funding provided for the program to $50.0 million. It also provides $40.0 million to encourage increased local participation in construction projects by providing supplemental funding to those jurisdictions willing to manage their own construction projects.)