2006 Session

Budget Amendments - SB30 (Committee Approved)

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FRAN debt service

Item 447 #2s

Item 447 #2s

First Year - FY2007 Second Year - FY2008
Transportation, Department of FY2007 $37,400,000 FY2008 $37,400,000 GF

Page 380, line 45, strike "$329,292,729" and insert "$366,692,729".
Page 380, line 45, strike "$335,592,729" and insert "$372,992,729".
Page 384, strike lines 35 through 49 and insert:
"3. Included in this item for deposit to the Priority Transportation Fund is $37,400,000 the first year and $37,400,000 the second year from the general fund to offset the debt service payment requirements on the Transportation Trust Fund attributable to the $317,000,000 of the Federal Highway Reimbursement Notes."

(This amendment continues the General Assembly's commitment to pay the debt service on the $317.0 million FRAN issuance resulting from actions taken in the 2002 Session. In that year, $317.0 million of general fund revenue (1/2 percent sales tax for the TTF) was transferred from VDOT. FRAN revenue was substituted in lieu of the general fund dollars.)