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2022 Session

Budget Amendments - HB30 (Committee Approved)

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Community Revitalization Project in Petersburg

Item 486 #6h

Item 486 #6h

First Year - FY2023 Second Year - FY2024
Central Appropriations
Central Appropriations FY2023 $2,600,000 FY2024 $0 NGF

Language
Page 507, line 22, strike "$744,761,272" and insert "$747,361,272".

Page 507, line 25, strike "$603,012,513" and insert "$605,612,513".

Page 508, line 4, strike "$22,500,000"'and insert "$25,100,000".

Page 508, line 18, after "investment." insert:

"Included in these amounts $2,600,000 is hereby directed to the City of Petersburg (the City) for a community revitalization project. Prior to the release of these funds, the City must demonstrate its legal authority to demolish the Ramada Inn adjacent to Interstate 95 (the building) to the Department of Housing and Community Development (the department). As a condition of the release of these funds, the City must enter into a Memorandum of Understanding (MOU) with the department  that guarantees a lien against the property equivalent to the total amount of state grants and awards used to demolish the building and further testify to its legal authority to demolish the building."



Explanation

(This amendment provides $2.6 million of remaining American Rescue Plan Act funds directly to the City of Petersburg for the demolition of the Ramada Inn along Interstate 95.)