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1996 Session

Budget Bill - SB30 (Introduced)

Department of Accounts

Item 270

Item 270

First Year - FY1997Second Year - FY1998
Financial Assistance to Localities-General (72800)
     a sum sufficient, estimated at
$65,855,000$65,725,000
Distribution of Alcoholic Beverage Control Profits (72801)FY1997 $12,770,000FY1998 $12,640,000
Distribution of Wine Taxes (72805)FY1997 $6,800,000FY1998 $6,800,000
Distribution of Rolling Stock Taxes (72806)FY1997 $5,500,000FY1998 $5,500,000
Distribution of Recordation Tax to Localities (72808)FY1997 $40,000,000FY1998 $40,000,000
Remittance of Sales Tax Revenues From Public Facilities (72811)FY1997 $185,000FY1998 $185,000
Other Services (72899)FY1997 $600,000FY1998 $600,000
Fund Sources: 
GeneralFY1997 $65,855,000FY1998 $65,725,000

Authority: §§ 4.1-116, 4.1-117, 4.1-235, 58.1-815.1, 58.1-816, 58.1-2658.1, and 58.1-3406, Code of Virginia.


A. Out of this appropriation, amounts estimated at $19,000,000 the first year and $19,000,000 the second year from the general fund shall be deposited into the Northern Virginia Transportation District Fund, as provided in § 58.1-815.1, Code of Virginia. Said amount shall consist of recordation taxes attributable to and transferable to the cities of Alexandria, Fairfax, Falls Church, Manassas, and Manassas Park and the counties of Arlington, Fairfax, Loudoun, and Prince William, pursuant to § 58.1-816, Code of Virginia. This amount shall be transferred to Item 505 of this act and shall be used to support the Northern Virginia Transportation District Program as defined in § 33.1-221.1:3, Code of Virginia. The Commonwealth Transportation Board shall make such allocations and expenditures from the Fund as are provided in the Northern Virginia Transportation District, Commonwealth of Virginia Revenue Bond Act of 1993, (Chapter 391, Acts of Assembly of 1993). The Commonwealth Transportation Board also shall make such allocations and expenditures from the fund as are provided in Chapters 470 and 597 of the Acts of Assembly of 1994, amendments to Chapter 391, Acts of Assembly of 1993 .


B. Pursuant to Chapters 233 and 662 of the Acts of Assembly of 1994, out of this appropriation, an amount estimated at $1,300,000 the first year and $1,300,000 the second year from the general fund shall be deposited into the Set-aside Fund upon adoption of an ordinance and compliance with the requirements provided for in § 58.1-816.1, Code of Virginia, for an account for the City of Chesapeake. In addition, an amount estimated at $1,243,000 the first year and $1,243,000 the second year in local revenues received pursuant to a contract or other alternative mechanism from the City of Chesapeake for specific funding shall be deposited into the account for the City of Chesapeake within the Set-aside Fund, as further provided by § 58.1-816.1, Code of Virginia. The total amount for the City of Chesapeake within the Set-aside Fund estimated at $2,543,000 the first year and $2,543,000 the second year, shall be transferred to Item 505 of this act and shall be allocated by the Commonwealth Transportation Board to provide for the debt service pursuant to the Oak Grove Connector, City of Chesapeake, Commonwealth of Virginia Transportation Program Revenue Bond Act of 1994 (Chapters 233 and 662, Acts of Assembly of 1994) .