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2020 Session

Budget Amendments - HB30 (Conference Report)

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Adjust Appropriation to Reflect Provisions of HB 1414 / SB 890

Item 431 #1c

Item 431 #1c

First Year - FY2021 Second Year - FY2022
Transportation
Virginia Commercial Space Flight Authority FY2021 $723,618 FY2022 $3,635,751 NGF

Language
Page 426, line 2, strike "$24,576,382" and insert "$25,300,000".
Page 426, line 2, strike "$17,364,249" and insert "$21,000,000".

Page 426, line 4, strike “$24,576,382” and insert “$25,300,000”.

Page 426, line 4, strike “$17,364,249” and insert “$21,000,000”.

Page 426, line 5, strike “$24,576,382” and insert “$25,300,000”.

Page 426, line 5, strike “$17,364,249” and insert “$21,000,000”.

Page 426, strike line 7 through line 10.

Page 426, line 11, strike "B." and insert "A."

Page 426, line 14, strike "C." and insert "B."



Explanation

(This amendment updates the appropriation to the Virginia Commercial Spaceflight Authority to reflect the provisions of House Bill 1414 and Senate Bill 890 of the 2020 General Assembly, in addition to the amounts assumed in House Bill 30, as introduced. Additional new revenue to the Virginia Commercial Spaceflight Authority is estimated at $0.7 million from the nongeneral fund the first year and $3.6 million from the nongeneral fund the second year. The funding included in this amendment is based on preliminary estimates of the legislation. It is the intention of the General Assembly to adjust the funding in enrollment to reflect the final estimates.)