2010 Session

Budget Amendments - SB30 (Committee Approved)

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Eliminate Oceana BRAC Payments

Item 96 #3s

Item 96 #3s

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

Page 51, line 39, strike "$38,950,436" and insert "$31,450,436".
Page 51, line 39, strike "$44,310,384" and insert "$36,810,384".
Page 53, strike lines 26 through 54.
Page 54, strike lines 1 through 3.

(This amendment eliminates funding for purchases of property to mitigate encroachment around the Oceana U.S. Navy Master Jet Base. To date, $60.0 million in state and local funding has been provided for this purpose. A total of $41.9 million has been used to purchase about 57 acres around the base. As of December 2009, the City of Virginia Beach had a balance of $9.3 million and was preparing to purchase another 14 parcels in zones with the potential for accidents around the base.)