Menu
2018 Session

Budget Amendments - SB30 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Hanger
Recordation Tax Fee Revenues

Item 362 #1s

Item 362 #1s

First Year - FY2019 Second Year - FY2020
Natural Resources
Department of Conservation and Recreation FY2019 $10,000,000 FY2020 $10,000,000 NGF

Language
Page 322, line 44, strike "$58,023,080" and insert "$68,023,080".
Page 322, line 44, strike "$35,490,781" and insert "$45,490,781".

Page 324, line 10, strike "$10,000,000 the first year" and insert "$20,000,000 the first year".

Page 324, line 10, strike "$10,000,000 the second year" and insert "$20,000,000 the second year".

Page 324, line 14, strike "$10,000,000 the first year" and insert "$20,000,000 the first year".

Page 324, line 14, strike "$10,000,000 the second year" and insert "$20,000,000 the second year".

Page 324, line 17, strike "$1,200,000" and insert "$2,400,000".

Page 324, line 19, strike "$8,800,000" and insert "$16,600,000".




Explanation

(This amendment identifies an additional source of funds to increase the amount of funding available for the agriculture best management practices cost share program and appropriate technical assistance through the Virginia Natural Resources Commitment Fund by directing all revenues generated by the Recordation Tax Fee to the Fund. Currently, one half of this fee is going to this program, with the remaining $10.0 million transferred to the General Fund. This amendment appropriates the entire amount of the fee in order to provide a stable source of revenue. A companion amendment to Part 3 reduces the transfer to the General Fund of $10.0 million in each year.)