2008 Session

Budget Amendments - HB30 (Member Request)

Chief Patron: Valentine
Co-Patron(s): Hall, Loupassi
Combined Sewer Overflow Lynchburg

Item C-113.50 #2h

Item C-113.50 #2h

First Year - FY2009 Second Year - FY2010
Natural Resources
Environmental Quality, Department of FY2009 $40,000,000 FY2010 $0 NGF

Page 468, after line 3, insert:
"A. The proceeds from this item shall be deposited into the Combined Sewer Overflow Matching Fund, established pursuant to § 62.1-241.12, Code of Virginia, and applied by the Virginia Resources Authority and the State Water Control Board, along with any interest earnings thereon, to make grants to the Cities of Lynchburg and Richmond to pay up to 50 percent of the capital costs of the completion of their combined sewer overflow (CSO) projects without regard to any requirement to use such funds to match federal funds allocated to Virginia for CSO controls. The amount of such grants shall constitute the Commonwealth’s share of the capital costs of the CSO projects for purposes of § 2.2-2261 and  § 2.2-2263, Code of Virginia. All such funds shall be divided equally between the cities of Lynchburg and Richmond.  No such funds shall be used to pay debt service on obligations of the cities of Lynchburg and Richmond or any other regional or local governments or authorities."

"C-113.50 Combined Sewer Overflow for Richmond and Lynchburg
Fund Sources: Bond Proceeds

(This amendment requests Virginia Public Building Authority bonds for combined sewer overflow projects in the cities of Richmond and Lynchburg.)