2017 Session

Budget Amendments - SB900 (Committee Approved)

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Richmond Tourism Project Balances (language only)

Item 3-1.01 #5s

Item 3-1.01 #5s

Interfund Transfers


Page 525, following line 41, insert:

"LL. On or before June 30, 2017, the State Comptroller shall transfer to the general fund an amount estimated at $1,500,000 from the appropriation authorized in Item 468 I.1.of Chapter 2 of the 2014 Special Session 1 of the Virginia General Assembly for a tourism-related project in the City of Richmond.".


(This amendment reverts $1.5 million in unexpended balances from the Lumpkin's Pavilion tourism project originally authorized in June 2014, leaving a balance of $500,000. To date less than $300,000 has been requested for reimbursement by the City of Richmond. A companion amendment in Item 476 authorizes an additional $1.5 million that would be eligible to claim in the next biennium if the City of Richmond is able to meet the terms and conditions previously established.)