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2018 Session

Budget Amendments - SB30 (Floor Approved)

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Use Sales Tax Revenues for Boating and Waterway Activities (language only)

Item 3-1.01 #1h

Item 3-1.01 #1h

Transfers
Interfund Transfers

Language

Page 460, line 4, strike "$12,350,000 the first year and $12,350,000 the second year" and insert "$11,000,000 the first year and $11,000,000 the second year".

Page 460, at the end of line 4, insert:

"Notwithstanding § 58.1-638 E, on or before June 30 of the first year and June 30 of the second year, the State Comptroller shall transfer to the Marine Resources Commission $1,350,000 of the general fund revenues collected pursuant to § 58.1-638 E, Code of Virginia, to enhance and improve recreation opportunities for boaters, including but not limited to land acquisition, capital projects, maintenance, and facilities for boating access to the waters of the Commonwealth.  Such amounts shall be utilized specifically as grants of funds to political subdivisions or local governments of the Commonwealth to support a dredging project or projects that have been approved by the Commission who shall develop guidelines establishing an application process, procedures for evaluating the feasibility of a proposed dredging project, and procedures for awarding grants. Each application shall be evaluated to determine its completeness, the sufficiency of its justification for the proposed project, the status of any necessary permits, the adequacy of its project management organization, and the potential beneficial use of dredged materials for the purpose of mitigation of coastal erosion, flooding, or other purposes for the common good."



Explanation

(This amendment transfers a portion of the sales tax revenues generated from boating related activities to the Marine Resources Commission to undertake dredging projects to improve to access to public marinas and waterways.)