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2014 Special Session I

Budget Amendments - SB5003 (Floor Approved)

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Payment in Lieu of Taxes Cap (language only)

Item 119 #1s

Item 119 #1s

Commerce and Trade
Fort Monroe Authority

Language
Page 92, strike line 42 through line 44


Explanation
(This amendment removes the cap on the payment in lieu of taxes that the FMA pays to the City of Hampton, which would then set the amount based on the provisions of § 2.2-2342.B. of the Code of Virginia.)