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2006 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Lingamfelter
Virginia Defense Facility and Transportation Improvement Fund

Item 443 #10h

Item 443 #10h

First Year - FY2007 Second Year - FY2008
Transportation
Transportation, Department of FY2007 $125,000,000 FY2008 $125,000,000 GF

Language
Page 377, line 24, strike "$1,972,525,260" and insert "$2,097,525,260".
Page 377, line 24, strike "$1,688,525,260" and insert "$1,813,525,260".
Page 378, after line 47, insert:
"E.  Included in the amounts for this item is $125,000,000 in the first year and $125,000,000 in the second year from the general fund for the Virginia Defense Facility and Transportation Improvement Fund and Program created pursuant to House  Bill 166, 2006 Session of the General Assembly.  Allocations from this Fund shall be made by the Commonwealth Transportation Board in accordance with the provisions of § 33.1-221.1:9, Code of Virginia."


Explanation
(This amendment provides $125 million in the first year and $125 million in the second year from the general fund for the Virginia Defense Facility and Transportation Improvement Program. This fund would be used to make improvements to facilities in areas affected as a result of actions of the Base Realignment and Closure Commission. Under the provisions of the legislation creating this Fund, $250 million each year from the recordation taxes would be dedicated to this Fund.)