2006 Special Session I

Budget Amendments - HB5002 (Conference Report)

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VDOT - Insurance Premium Deposit (language only)

Item 447 #2c

Item 447 #2c

Department Of Transportation

Page 384, strike lines 35 through 49 and insert:
"3.  Out of this appropriation, $111,300,000 the first year and $117,600,000 the second year from the general fund shall be deposited into the Priority Transportation Fund.  These amounts represent the share of insurance premium tax revenues derived from automobile insurance premiums."

(This amendment appropriates proceeds from the automobile insurance taxes for FRAN debt service. These appropriations are sufficient to address all FRAN debt service payments in fiscal year 2007 and fiscal year 2008.)