2015 Session

Budget Amendments - HB1400 (Committee Approved)

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WMATA Audit Findings (language only)

Item 439 #1h

Item 439 #1h

Rail and Public Transportation, Department of

Page 405, line 1, after "B." insert "1."
Page 405, after line 10, insert:
"2.  Revenues utilized to support transit operations in pursuant to § 58.1-638 A.4., Code of Virginia, shall be provided to support the Washington Metropolitan Area Transit Authority (WMATA) in fiscal year 2016, provided, however, that the WMATA Board of Directors first has received and provided to the Chairmen of the House Appropriations and Senate Finance the audited financial statements for fiscal year 2014 with an unqualified opinion from the independent auditors.  If this provision has not been fulfilled, funding for WMATA shall be withheld until such time as the Director, Department of Rail and Public Transportation, determines, in consultation with WMATA and the Chairmen of House Appropriations and Senate Finance Committees, that any material deficiencies in the audit have been addressed."

(This amendment stipulates that fiscal year 2016 funding shall not be provided to WMATA if the annual external financial audit of WMATA results in other than an unqualified opinion until the Director, DRPT determines that any material deficiencies in financial controls identified in the audit have been addressed.)