2009 Session

Budget Amendments - HB1600 (Member Request)

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Chief Patron: Lingamfelter
VRE Insurance Reserve Funds

Item 449 #4h

Item 449 #4h

First Year - FY2009 Second Year - FY2010
Rail and Public Transportation, Department of FY2009 $0 FY2010 $1,290,000 GF

Page 484, line 29, strike "$275,217,276" and insert "$276,507,276".
Page 486, after line 18, insert:
"F. Included in the amounts in this item is $1,290,000 in the second year from the general fund which shall be provided to the Virginia Railway Express (VRE) to be placed into its insurance reserve fund.  This amount shall be in addition to all operating assistance received from the Commonwealth Mass Transit Fund."

(This amendment provides $1,290,000 in the second year from the general fund to the Virginia Railway Express to help fund its insurance reserve fund requirements. This amount reflects the reduction faced by VRE in light of the reductions to the Department of Rail and Public Transportation's budget in House Bill 1600 as introduced. Funding for this amendment is supported by targeted reductions in executive branch printing costs implemented pursuant to the Governor's management directive of January 5, 2009.)