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2006 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Wardrup
Additional 1/4 cent sales tax to transportation

Item 443 #18h

Item 443 #18h

First Year - FY2007 Second Year - FY2008
Transportation
Transportation, Department of FY2007 $258,600,000 FY2008 $271,250,000 NGF

Language
Page 377, line 24, strike "$1,972,525,260" and insert "$2,231,125,260".
Page 377, line 24, strike "$1,688,525,260" and insert "$1,959,775,260".
Page 378, after line 47, insert:
"E.  Included in the amounts for this item is an amount estimated at $258,600,000 in the first year and $271,250,000 in the second year in Commonwealth Transportation Funds attributable to the additional 0.25 percent sales and use tax dedicated to transportation pursuant to the provisions of House Bill 661, 2006 Session of the General Assembly.  These funds shall be distributed among the transportation modal agencies pursuant to the requirements of § 58.1-638, Code of Virginia.  The portion remaining in the Department of Transportation pursuant to § 58.1-638, Code of Virginia, shall be allocated among the highway systems according to the requirements of § 33.1-23.1, Code of Virginia."


Explanation
(This amendment appropriates an additional $258.6 million in the first year and $271.3 million in the second year to transportation construction projects pursuant to House Bill 661, 2006 Session of General Assembly. That legislation increases the portion of the existing state sales and use tax dedicated to transportation from 1/2 percent to 3/4 percent. Distribution of such funding shall be according to the existing Transportation Trust Fund allocation among the modal agencies, with language directing VDOT to transfer to the VPA, the DOAV and DRPT their respective shares of funding for allocation to project-specific activities.)