2007 Session

Budget Amendments - SB750 (Member Request)

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Chief Patron: Quayle
Payments in Lieu of Taxes (language only)

Item 454 #2s

Item 454 #2s

Virginia Port Authority

Page 483, line 13, insert "A." before "Of".
Page 483, after line 19, insert:
"B.  Notwithstanding the provisions of § 58.1-3403, Code of Virginia, the additional $1,000,000 of general fund dollars to be distributed pursuant to the formula established in § 58.1-3403 D., Code of Virginia, shall supplement, not supplant, the nongeneral fund appropriations made for payments to the host localities by the Virginia Port Authority pursuant to this Item."

(This amendment clarifies legislative intent that the general fund amendment of $1.0 million for payment in lieu of taxes shall not supplant nongeneral fund appropriations expended by the Virginia Port Authority for this purpose.)