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2017 Session

Budget Amendments - HB1500 (Committee Approved)

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Use of VOF Revenues for Admin Expenses (language only)

Item 365 #3h

Item 365 #3h

Natural Resources
Department of Conservation and Recreation

Language

Page 363, line 37, after "access." insert:

"Notwithstanding any other provision of law, up to 10 percent, or a maximum of $100,000 each year, whichever is greater, of the Open Space Land Preservation Trust Fund may be used for the Virginia Outdoor Foundation's administration expenses."



Explanation

(This amendment provides administrative funding to the Virginia Outdoor Foundation to offset costs of grant administration. Currently the VOF is authorized to utilize the lesser of $100,000 or 10 percent, and given the low interest rates, they have not generated sufficient balances to support their operations.)