2008 Session

Budget Amendments - SB30 (Committee Approved)

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Combined Sewer Overflow Bond Authorization (language only)

Item C-181 #4s

Item C-181 #4s

Central Appropriations
9(D) Revenue Bonds

Page 483, after line 39, insert:
"Department of Environmental Quality
Combined Sewer Overflow Projects         C-110.10    XXXX     $40,000,000
This Item authorizes the Virginia Public Building Authority to issue up to $40,000,000 of revenue bonds, in an amount not to exceed $10,000,000 each year for the four years beginning with FY 2009, to be deposited into the Combined Sewer Overflow Matching Fund established pursuant to § 62.1-241.12 of the Code of Virginia for 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."

(This amendment is self-explanatory.)