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2018 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Lewis
Unrefunded Motor Sales Fuel Tax Redirected to Virginia Waterway Maintenance Fund (language only)

Item 3-1.01 #1s

Item 3-1.01 #1s

Transfers
Interfund Transfers

Language

Page 457, line 6, strike "C." and insert "C.1.".

Page 457, line 10, strike "$7,416,469" and insert "$12,416,469".

Page 457, line 10, strike "$7,416,469" and insert "$12,416,469".

Page 457, following line 10, insert:

"2. From the amounts transferred to the general fund in paragraph C.1., $7,416,469 the first year and $7,416,469 the second year shall be provided for improvement of the Chesapeake Bay and its tributaries as provided in §58.1-2289, Code of Virginia and, from the amounts remaining, $5,000,000 the first year and $5,000,000 the second year shall be deposited to the Virginia Waterway Maintenance Fund pursuant to § 62.1-132.3:3, Code of Virginia, as may become effective after July 1, 2018."



Explanation

(This amendment updates the transfer of un-refunded watercraft fuel taxes to specific purposes, and directs additional transfers to the proposed Virginia Waterway Maintenance Fund pursuant to SB 693 of the 2018 General Assembly. The current transfer amount of $7.4 million annually has been unchanged since 2003.)