2009 Session

Budget Amendments - HB1600 (Committee Approved)

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Transfer of WQIF Balances to GF (language only)

Item 3-1.01 #3h

Item 3-1.01 #3h

Interfund Transfers

Page 612, after line 26, insert:
"GG.  On or before June 30, 2009, the State Comptroller shall transfer to the general fund $149,000,000 from the Department of Environmental Quality representing the cash balance of the Water Quality Improvement Fund.  It is the intent of the General Assembly that this sum be restored to the Water Quality Improvement Fund to the extent federal funds are received by the Commonwealth from the "American Recovery and Reinvestment Act of 2009" or similar legislation adopted by the 111th Congress."

(This amendment transfers the cash balance held by the Department of Environmental Quality in the Water Quality Improvement Fund to the general fund. The Department of Environmental Quality is authorized the use of $250 million in bonds by the Appropriation Act. These bonds will be sufficient to provide the Commonwealth's share of the costs of wastewater treatment plant improvements. The transfer will not be made if the Commonwealth receives federal funds from any federal stimulus package.)