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2026 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Williams
Funding for New Virginia Airport Infrastructure Account

Item 422 #8h

Item 422 #8h

First Year - FY2027 Second Year - FY2028
Transportation
Department of Aviation FY2027 $160,000,000 FY2028 $160,000,000 NGF

Language
Page 502, line 19, strike "$32,262,020" and insert "$192,262,020".
Page 502, line 19, strike "$32,262,020" and insert "$192,262,020".




Explanation

(This amendment provides $160.0 million nongeneral fund each year pursuant to legislation adopted during the 2026 legislative session creating the new Virginia Airport Infrastructure Account. The legislation directs the deposit of 1% of the state tax on car rentals into the fund to be used solely for airport capital and safety improvements, which typically receive a 90% match from the federal government. It is estimated the deposit into the fund from the state tax would be between $16-$18 million a year with the federal match being between $144-$162 million year.)