2010 Session

Budget Amendments - HB30 (Conference Report)

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Eliminate Second Year Oceana BRAC Payments

Item 96 #5c

Item 96 #5c

First Year - FY2011 Second Year - FY2012
Commerce And Trade
Economic Development Incentive Payments FY2011 $0 FY2012 ($7,500,000) GF

Page 51, line 39, strike "$44,310,384" and insert "$36,810,384".
Page 53, line 30, strike "and $7,500,000 the".
Page 53, line 31, strike "second year".
Page 54, after line 3, insert:
"4.  All proceeds from the lease, disposal or conveyance of any property acquired through the use of this appropriation, or any prior appropriation for this purpose, shall only used for additional property acquisition pursuant to Chapter 266 of the 2006 Acts of Assembly."

(This amendment eliminates funding in the second year for purchases of property to mitigate encroachment around the Oceana U.S. Navy Master Jet Base but allows proceeds from the sale or lease of properties acquired by these funds to be used for future property acquisitions.)