2024 Session

Budget Amendments - SB30 (Floor Approved)

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TB: Defease Bonds Town of Craigsville

Item 264 #1s

Item 264 #1s

First Year - FY2025 Second Year - FY2026
Treasury Board FY2025 $3,800,000 FY2026 $0 GF

Page 286, line 42, strike "$1,055,120,400" and insert "$1,058,920,400".

Page 291, after line 16, insert:

"H. Included in the appropriation for this item is an amount not to exceed $3,800,000 the first year from the general fund for defeasance of all outstanding bonds of the wastewater and water plants in the Town of Craigsville. The Town of Craigsville shall provide documentation to the Treasury Board of such outstanding bonds to receive the amounts necessary to defease the bonds."


(This amendment provides up to $3.8 million GF the first year to the Town of Craigsville to defease all outstanding bonds on the town's wastewater and water plants. The Augusta Correctional Center operated by the Department of Corrections has historically contributed operational funding for the wastewater plant and paid water usage rates to the town, but plans to close at the end of FY 2024.)