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2010 Session

Budget Amendments - SB30 (Conference Report)

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Revenue Sharing (language only)

Item 452 #1c

Item 452 #1c

Transportation
Transportation, Department of

Language
Page 314, line 5, strike "$964,595,264" and insert "$958,095,264".
Page 314, line 5, strike "$915,309,068" and insert "$938,809,068".
Page 314, line 6, strike "$377,673,645" and insert "$371,173,645".
Page 314, line 6, strike "$326,552,675" and insert "$350,052,675".
Page 314, strike lines 16 through 22 and insert:
"A. Included in the amounts for dedicated and statewide construction in $15,000,000 the first year and $15,000,000 the second year from the Commonwealth Transportation Fund, which shall be allocated to localities for revenue sharing.  No additional amount shall be appropriated from the proceeds of Commonwealth of Virginia Transportation Capital Projects Revenue Bonds for this program."


Explanation
(This amendment redirects funding for the local revenue sharing program from Transportation Capital Project Revenue Bonds authorized pursuant to House Bill 3202 (2007) to traditional Commonwealth Transportation Fund sources.)