2020 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Askew
Co-Patron(s): Bourne, Convirs-Fowler, Jenkins, Jones-J.C.
Flood Insurance Fund

Item 379 #1h

Item 379 #1h

First Year - FY2021 Second Year - FY2022
Natural Resources
Department of Environmental Quality FY2021 $500,000 FY2022 $0 GF

Page 381, line 31, strike "$61,313,511" and insert "$61,813,511".

Page 383, after line 5, insert:

"I. Of the amounts in this item, $500,000 the first year from the general fund is provided for the Director, Department of Environmental Quality to provide to the Virginia Resources Authority to provide initial capitalization of the Flood Insurance Fund, consistent with the provisions of House Bill 794 of the 2020 Session of the General Assembly."


(This amendment provides $500,000 the first year from the general fund as an initial capitalization for the Flood Insurance Fund, to be transferred by the Director to the Virginia Resources Authority, pursuant to House Bill 794.)