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2007 Session

Budget Amendments - HB1650 (Member Request)

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Chief Patron: Tata
City of Virginia Beach - Norfolk Southern

Item 481 #156h

Item 481 #156h

First Year - FY2007 Second Year - FY2008
Nonstate Agencies
State Grants to Nonstate Entities-Nonstate Agencies FY2007 $0 FY2008 $10,000,000 GF

Language
Page 515, line 5, strike "$7,510,000" and insert "$17,510,000".
Page 521, after line 61, insert:
"City of Virginia Beach - Norfolk Southern       $0      $10,000,000".


Explanation
(This amendment provides $10 million the second year from the general fund to the City of Virginia Beach for the purchase of right-of-way from Norfolk Southern. The City of Virginia Beach received $10 million in 2005 to use for the purchase of bus rapid transit vehicles. Because of the ability of the vehicles in question, the City wishes to transfer that funding to purchase right-of-way from Norfolk Southern in the City of Virginia Beach. This way-of-way would be used for multi-mobile corridor including the bike trail and possible extension of the starter light rail project now about to begin in the City of Norfolk. The right-of-way goes from Norfolk City line to Birdneck Road in Virginia Beach.)