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2006 Special Session I

Budget Amendments - HB5001 (Committee Approved)

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Clarify provision of in-kind services related to local economic development effort (language only)

Item 3-3.04 #1h

Item 3-3.04 #1h

General Fund Deposits
Payments by the City of Norfolk

Language
Page 200, line 39, strike “an initial cash payment of $1,400,000” and insert:
“$2,460,000”.
Page 200, line 40, after "Center.", strike the remainder of the line.
Page 200, line 41, strike: “additional $1,060,000 in cash or in-kind to be provided to the Commonwealth in due course.” and insert:
“The City of Norfolk shall provide $1,060,000 of in-kind services to the Commonwealth.”


Explanation
(This amendment clarifies that the City of Norfolk must provide $1,060,000 of in-kind services to the Commonwealth. A companion amendment provides $1,060,000 to the City of Norfolk to assist a local economic development effort.)