2016 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Hanger
CO - Fund Stormwater Local Assistance Fund

Item C-47 #12s

Item C-47 #12s

First Year - FY2017 Second Year - FY2018
Central Appropriations
Central Capital Outlay FY2017 $50,000,000 FY2018 $50,000,000 NGF

Page 435, line 8, strike "$1,852,698,000" and insert "$1,902,698,000".
Page 435, line 8, strike "$50,000,000" and insert "$100,000,000".

Page 438, after line 1, insert:

"D.1.  The Virginia Public Building Authority is authorized to issue, pursuant to §2.2-2263, Code of Virginia, bonds in an aggregate amount not to exceed $100,000,000 plus amounts to fund related issuance costs and other financing expenses.  The proceeds of such bonds shall be to finance the Stormwater Local Assistance Fund, under the administration of the Department of Environmental Quality per Chapter 756, 2013 Acts of Assembly.

2.  There is hereby appropriated $50,000,000 in the first year and $50,000,000 in the second year from such bond proceeds, for the the Stormwater Local Assistance Fund.  In accordance with the purpose of the Fund, the bond proceeds shall be used to provide grants solely for capital projects, including: i) new stormwater best management practices; ii) stormwater best management practice retrofits; iii) stream restoration; iv) low impact development projects; v) buffer restoration; vi) pond retrofits; and vii) wetlands restoration.  Such grants shall be in accordance with eligibility determinations made by the Department of Environmental Quality.".

Page 438, line 2, strike "D.1." and insert "E.1.".


(This amendment would provide $50.0 million in bond proceeds in each year of the biennium for the Stormwater Local Assistance Fund.)