2012 Special Session I

Budget Amendments - HB1300 (Conference Report)

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Deposit Share of GF Surplus for Mass Transit (language only)

Item 452 #1c

Item 452 #1c

Transportation, Department of

Page 149, line 53, after "Bank." insert:
"$9,884,426 of the general fund amounts deposited into the Virginia Transportation Infrastructure Bank in the second year shall be transferred to Item 447 for statewide transit formula assistance."

(This amendment directs that $9.9 million of the fiscal year 2011 general fund surplus amounts dedicated to transportation be used to support the Mass Transit Fund. The allocation represents 14.7% of the general fund amounts, the statutory share of funds which mass transit receives from the transportation trust fund.)