2008 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Loupassi
Co-Patron(s): Hall, Jones, D.C., McClellan, Morrissey, O'Bannon
Port of Richmond Improvements

Item 465 #1h

Item 465 #1h

First Year - FY2009 Second Year - FY2010
Virginia Port Authority FY2009 $500,000 FY2010 $0 NGF

Page 415, line 30, strike "$3,052,500" and insert "$3,552,500".
Page 415, at the beginning of line 37, insert "A."
Page 415, after line 56, insert:
"B.  The amount for Aid to Localities includes $500,000 the first year from Commonwealth Port Funds as the state non-federal cost share of channel, turning basin and other improvements at the Port of Richmond.  This amount shall be matched with $1,500,000 in local non-federal cost share funds by the Port of Richmond."

(This amendment provides state matching funds (Commonwealth Port Fund) to match local and federal funds for the James River Navigation Project (turning basin expansion) at the Port of Richmond. This project is critically important for the safety and efficient movement of large vessels on the upper James River, not only for the Port of Richmond but also for other regional maritime facilities located on the upper James River. Funding for this project is supported by the Virginia Port Authority and sufficient funds are available in the Commonwealth Port Fund for this project.)