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2017 Session

Budget Amendments - SB900 (Member Request)

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Chief Patron: Ruff
Recordation Tax Fee (language only)

Item 3-6.01 #1s

Item 3-6.01 #1s

Adjustments and Modifications to Fees
Recordation Tax Fee

Language

Page 532, line 26, following "fund", insert "in the first year".

Page 532, line 28, following "Virginia", insert "in the first year".

Page 532, line 29, following "Virginia." insert "In the second year, all revenues generated from such fee shall be deposited to the Virginia Natural Resources Commitment Fund, a subfund of the Virginia Water Quality Improvement Fund, as established in §10.1-2128.1, Code of Virginia.  The funds deposited to this subfund shall be disbursed for agricultural best management practices cost share program, pursuant to §10.1-2128.1, Code of Virginia.".



Explanation

(This amendment provides an additional $10.0 million NGF in second year of the biennium to support the agricultural best management practices cost share program. This amendment would reduce available general fund revenues by $10.0 million.)