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2008 Session

Budget Amendments - SB29 (Committee Approved)

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Fiscal and Administrative Responsibility for FMFADA (language only)

Item 103 #2s

Item 103 #2s

Commerce And Trade
Housing and Community Development, Department of
Housing and Community Development, Department of FY2007 0.00 FY2008 4.00 FTE

Language
Page 46, after line 24, insert:
“F.  The Department of Housing and Community Development is authorized to act as fiscal agent for the Fort Monroe Federal Area Development Authority (FMFADA) created pursuant to Section 15.2 – 6304.1 of the Code of Virginia.  As fiscal agent, the Department is authorized to conduct payroll, fiscal, procurement, and any other business activities requested by the Board of Commissioners for the FMFADA that are necessary to support the administration of the FMFADA.  When acting in its capacity as fiscal agent for the FMFADA, the department shall have discretion regarding the transactions it performs on behalf of the FMFADA.  Further, the department may employ staff on behalf of the FMFADA as requested by the Board of Commissioners for the FMFADA.  Any such employees shall be placed in restricted positions and shall serve at the pleasure of the Board of Commissioners for the FMFADA.”


Explanation
(This amendment provides positions to the Department for staffing the Fort Monroe Federal Area Development Authority. The Department will also serve as fiscal and administrative agent for the Authority.)