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State Budget

2010 Session

Budget Amendments - HB30 (Conference Report)

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Restore Interest Funds for DGIF and VMRC License Fees (language only)

Item 3-3.03 #1c

Item 3-3.03 #1c
General Fund Deposits
Interest Earnings

Language
Page 377, strike line 28.
Page 377, strike line 31.
Page 377, strike line 34.
Page 377, strike line 35.
Page 377, strike line 37.
Page 378, strike line 20.
Page 378, strike line 34.

Explanation
(This amendment deletes certain funds from the list of funds from which the Governor's budget proposed to withhold interest earnings. These funds in the Marine Resources Commission and the Department of Game and Inland Fisheries are derived from fishing, hunting and boating license fees. The Federal Aid in Wildlife Restoration Act (16 U.S.C. § 669 et seq.) and the Federal Aid in Sport Fish Restoration Act (16 U.S.C. § 777 et seq.) specifically prohibit the diversion of these funds, including interest, for any purpose other than administration of fish and wildlife programs. The Code of Virginia (§§ 28.2-201.8 and 29.1-103.2) assents to the provisions of the federal acts. Diversion of the interest from these funds would cause the Commonwealth to potentially forfeit federal funds from these acts. The amendment also deletes from the list the Department of Environmental Quality, State Revolving Loan Fund and the Department of Health, Safe Drinking Water State Revolving Loan Fund, both of which include federal funds.)

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