2022 Session

Budget Amendments - SB30 (Floor Approved)

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Waterway Maintenance Fund

Item 465 #1s

Item 465 #1s

First Year - FY2023 Second Year - FY2024
Virginia Port Authority FY2023 $2,500,000 FY2024 $2,500,000 NGF

Page 483, line 38, strike "$11,112,325" and insert "$13,612,325".
Page 483, line 38, strike "$11,112,325" and insert "$13,612,325".

Page 484, line 1, strike "$1,500,000 the first year and $1,500,000 the second year" and insert "$4,000,000 the first year and $4,000,000 the second year".


(This amendment increases the transfer of general fund revenues to the Waterway Maintenance Fund by $2.5 million in each year to increase the availability of funds to support shallow-draft dredging projects and to support local municipal dredging to ensure Virginia’s waterways remain safe and navigable to support the continued sustainability and growth of Virginia’s seafood and the commercial waterman who contribute to the economies of coastal Virginia. In the first two years of the grant program, more than $50 million for dredging design, implementation and funding have been identified compared to the existing programmatic funding level of $1.5 million annually. A companion amendment to Part 3 increases the authorized transfer.)