2008 Session

Budget Amendments - SB30 (Committee Approved)

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Water Quality Improvement Fund Interest

Item 361 #10s

Item 361 #10s

First Year - FY2009 Second Year - FY2010
Natural Resources
Conservation and Recreation, Department of FY2009 ($6,000,000) FY2010 $0 GF
FY2009 $6,000,000 FY2010 $0 NGF

Page 337, line 7, strike "$6,000,000 from the".
Page 337, line 8, strike "general fund and $14,000,000" and insert "$20,000,000".
Page 337, line 12, strike "$9,000,000" and insert "$15,000,000".
Page 337, after line 23, insert:
"G.3.  All funds provided in paragraph G.1. shall be deposited in the Virginia Natural Resources Commitment Fund established by Senate Bill 511 (2008) and shall be dispersed pursuant to Section 10.1-2128.1, Code of Virginia."

(This amendment replaces $6.0 million from the general fund with $6.0 million in interest earnings collected by the Department of Environmental Quality on the Water Quality Improvement Fund (WQIF). It is projected that the WQIF will earn $12.5 million in interest during FY 2008 and at least $2.5 million during FY 2009. The amendment also specifies that, contingent upon the final passage of Senate Bill 511, these funds shall be dispersed to the Virginia Natural Resources Commitment Fund.)