2014 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Howell, William
Funding for Land Preservation

Item 358 #2h

Item 358 #2h

First Year - FY2015 Second Year - FY2016
Natural Resources
Conservation and Recreation, Department of FY2015 $12,900,000 FY2016 $0 GF

Page 302, line 1, strike "$58,920,064" and insert "$71,820,064".
Page 302, strike lines 37 through 44.
Page 302, after line 36, insert:  
"D.  Included in the amount for Preservation of Open Space Lands is $13,900,000 the first year and $2,000,000 the second year from the general fund to be deposited as follows:  
a.  $11,120,000 the first year and $2,000,000 the second year to the Virginia Land Conservation Fund to be used in accordance with § 10.1-1020, Code of Virginia, with no less than 50 percent of such deposit to be used for fee simple acquisitions with public access or acquisitions of easements with public access.
b. $1,390,000 the first year to the Civil War Site Preservation Fund to be used in accordance with § 10.1-2202.4, Code of Virginia.
c.  $1,390,000 the first year to the Virginia Farmland Preservation Fund to be used in accordance with § 3.2-201, Code of Virginia."

(This amendment provides funding for the implementation of House Bill 1398 as adopted by the 2013 Session of the General Assembly. This legislation, which established a $100.0 million limit for Land Preservation Tax Credit, also required the Governor to include an amount for various land preservation programs equal to the difference between that $100 million limit for the Land Preservation Tax Credit and the consumer price indexed amount that previously applied to the Land Preservation Tax Credit. For fiscal year 2015, the difference in these two amounts totaled $13.9 million. The introduced budget included only $1 million in fiscal year 2015.)