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2022 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Bloxom
Eastern Shore Farmers Market (language only)

Item 3-1.01 #1h

Item 3-1.01 #1h

Transfers
Interfund Transfers

Language

Page 555, after line 41, insert:

"II. The Virginia Department of Agriculture and Consumer Services (VDACS) is authorized to transfer the Eastern Shore Farmers Market, including the Market Office Building at 18491 Garey Road and the Produce Warehouse at 18513 Gary Road, Melfa, Virginia 23410, and the Seafood Market Building located at 18555 Garey Road, Melfa, Virginia 23410 for no consideration to the Industrial Authority of Accomack County  (IAAC) subject to an appropriation being made satisfactory to the Virginia Department of Treasury for the remediation of tax-advantaged bonds that financed the construction, improvement and equipping of such facilities.  VDACS is further authorized to grant any and all easements necessary to complete the conveyance. IAAC will be responsible for all transaction expenses associated with the transfer."



Explanation

(This amendment requests language related to the funding for the defeasance of debt associated with the Eastern Shore Farmers Market.)