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2006 Special Session I

Budget Bill - HB5012 (Introduced)

Item 3-3.04

Item 3-3.04

§ 3-3.04 PAYMENTS BY THE CITY OF NORFOLK


The City of Norfolk shall deposit to the general fund of the state treasury an initial cash payment of $1,400,000 upon the sale of certain state property at the Norfolk Public Health Center.  This payment shall constitute part of the purchase price with an additional $1,060,000 in cash or in-kind to be provided to the Commonwealth in due course.  The proceeds of this sale shall not be subject to the provisions of § 2.2-1156, Code of Virginia.