2024 Session

Budget Amendments - SB30 (Floor Approved)

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Adjust Funding for Coastal Storm Risk Management Project

Item 359 #2s

Item 359 #2s

First Year - FY2025 Second Year - FY2026
Natural and Historic Resources
Department of Conservation and Recreation FY2025 ($48,850,000) FY2026 $0 GF

Page 413, line 48, strike "$541,484,912" and insert "$492,634,912".

Page 417, line 27, after "Funds." strike the rest of the line.

Page 417 strike lines 28 through 32.


(This amendment adjusts by $48.8 million GF the first year the funding provided in Senate Bill 30 as introduced for the Coastal Storm Risk Management Project in the City of Norfolk, leaving a balance of $25.0 million GF to support the project. The amendment also removes language authorizing a Treasury Loan to match federal funding for the project that required local casino tax revenue to be pledged for repayment of the loan.)