Language Page 204, after line 9, insert:"Notwithstanding the provisions of the second enactments of Chapters 1217 and 1277, 2020 Session of the General Assembly, of the 84 percent of tax revenue designated for allocation to the COVID-19 Relief Fund established pursuant to § 2.2-115.1 of the Code of Virginia, the first $95,227,730 allocated shall be transferred to Direct Aid for Public Education to provide a one-time hold harmless sales tax payment to school divisions, and any remaining funds shall be deposited to the COVID-19 Relief Fund. Allocations from the COVID-19 Relief Fund shall be included in the Executive Budget, submitted by the Governor in accordance with § 2.2-1509, Code of Virginia and subject to the approval of the General Assembly."
Page 204, after line 9, insert:
"Notwithstanding the provisions of the second enactments of Chapters 1217 and 1277, 2020 Session of the General Assembly, of the 84 percent of tax revenue designated for allocation to the COVID-19 Relief Fund established pursuant to § 2.2-115.1 of the Code of Virginia, the first $95,227,730 allocated shall be transferred to Direct Aid for Public Education to provide a one-time hold harmless sales tax payment to school divisions, and any remaining funds shall be deposited to the COVID-19 Relief Fund. Allocations from the COVID-19 Relief Fund shall be included in the Executive Budget, submitted by the Governor in accordance with § 2.2-1509, Code of Virginia and subject to the approval of the General Assembly."
Explanation
(This amendment provides that the first $95,227,730 of gray machine revenues collected shall be transferred to Direct Aid for Public Education to provide a hold harmless sales tax payment. These amounts are appropriated as nongeneral funds in Item 145 of this act. Subsequent gray machine revenues would be deposited in the COVID-19 Relief Fund. Proposed allocations from such fund would be included in the Governor's introduced budget and subject to approval by the 2021 General Assembly.)