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2022 Special Session I

Budget Amendments - HB30 (Conference Report)

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Virginia Port Authority - Remove Duplicative Funding for Offshore Wind Lease

Item C-65 #1c

Item C-65 #1c

First Year - FY2023 Second Year - FY2024
Transportation
Virginia Port Authority FY2023 ($17,000,000) FY2024 $0 GF

Language
Page 538, line 19, strike "$17,000,000" and insert "$0".

Page 538, after line 20, insert:

"Pursuant to Item C-72 of Chapter 552, 2021 Acts of Assembly, Special Session I, bond proceeds are authorized to finance a project at the Portsmouth Marine Terminal of the Virginia Port Authority consisting of the expansion, renovation, and improvement of infrastructure to support the location of a turbine and turbine generator manufacturing company at the Portsmouth Marine Terminal, approved by the MEI Project Approval Commission."



Explanation

(This amendment removes duplicative funding proposed for a project for which bond proceeds are already authorized. Pursuant to Item C-72 of Chapter 552, 2021 Acts of Assembly, Special Session I, bond proceeds were authorized in fiscal year 2021 to finance a project at the Portsmouth Marine Terminal (PMT) of the Virginia Port Authority consisting of the expansion, renovation, and improvement of infrastructure to support the location of a turbine and turbine generator manufacturing company at PMT, approved by the MEI Commission).