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2012 Special Session I

Budget Amendments - HB1301 (Conference Report)

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Use of Reserve Fund (language only)

Item 358 #3c

Item 358 #3c

Natural Resources
Natural Resources, Secretary of

Language
Page 267, strike lines 29 through 33.
Page 267, line 29, insert:
"C.  Notwithstanding paragraph B. above, no deposit to the reserve within the Virginia Water Quality Improvement Fund shall be made in the first year.  In addition, the General Assembly designates that an amount not to exceed $1,000,000 may be used for local stormwater assistance grants by the Department of Conservation and Recreation."


Explanation
(This amendment strikes language empowering the Secretary of Natural Resources to waive the legislatively-required deposit to the Water Quality Improvement Fund Reserve. The language also states that no deposit to the Water Quality Improvement Fund reserve will be made in the first year. Finally, the language limits the amount of the reserve that may be used for local stormwater assistance grants by the Department of Conservation and Recreation to no more than $1.0 million. The introduced budget had proposed nearly eliminating the WQIF Reserve Fund balance.)