2016 Session

Budget Bill - HB29 (Chapter 732)

Department of Motor Vehicles Transfer Payments

Item 437

Item 437 (Not set out)

First Year - FY2015Second Year - FY2016
Financial Assistance to Localities - General (72800)$85,691,500$85,691,500
Financial Assistance to Localities - Mobile Home Tax (72803)FY2015 $5,500,000FY2016 $5,500,000
Financial Assistance to Localities for the Disposal of Abandoned Vehicles (72814)FY2015 $391,500FY2016 $391,500
Distribution of Sales Tax on Fuel in Certain Transportation Districts (72815)FY2015 $79,800,000FY2016 $79,800,000
Fund Sources:  
Commonwealth TransportationFY2015 $391,500FY2016 $391,500
Trust and AgencyFY2015 $5,500,000FY2016 $5,500,000
Dedicated Special RevenueFY2015 $79,800,000FY2016 $79,800,000

Authority: §§ 46.2-416, 58.1-2402, and 58.1-2425, and 46.2-1200 through 46.2-1208, Code of Virginia.

Funds collected pursuant to § 58.1-2291 et seq., Code of Virginia, from the additional sales tax on fuel in certain transportation districts under § 58.1-2291 et seq., Code of Virginia, shall be returned to the respective commissions in amounts equivalent to the shares collected in the respective member jurisdictions.