2005 Session

Budget Amendments - SB700 (Conference Report)

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Appomattox River Dredging

Item 506 #6c

Item 506 #6c

First Year - FY2005 Second Year - FY2006
Central Appropriations
Central Appropriations FY2005 $0 FY2006 $500,000 GF

Page 467, line 22, strike "$24,685,016" and insert "$25,185,016".
Page 471, after line 27, insert:
"R.  Out of this appropriation, $500,000 the second year from the general fund shall be provided to the City of Petersburg for the Appomattox River Dredging Project.  As a condition of this appropriation, the City shall enter into a memorandum of agreement with the Virginia Economic Development Partnership to structure a long-term repayment of the appropriation to begin in the second year after the dredging project is completed.  Proceeds shall be credited to the Governor's Development Opportunity Fund."

(This amendment provides $500,000 from the general fund in the second year to support the efforts to restore the navigation channel in the Appomattox River to historic downtown Petersburg. The money will be used by the U.S. Army Corps of Engineers to design a placement site for the dredged materials. The amendment also requires the appropriation to be repaid.)