Source: https://budget.lis.virginia.gov/amendment/2000/1/SB30/Introduced/MR/545/3s/
Timestamp: 2020-07-08 11:20:28
Document Index: 330275884

Matched Legal Cases: ['§ 9', '§ 9', '§ 32', '§ 32', '§ 58', '§ 58']

545#3s (CA) Allocation of Tobacco Settlement Funds. SB30 - Member Request
By Member » Item 545 #3s
Allocation of Tobacco Settlement Funds (language only)
Item 545 #3s
Page 368, strike lines 42 to 55,
Page 369, strike lines 1 to 25.
(This amendment removes proposed language regarding approximately $69.1 million in operating and capital projects receiving funding support from the Tobacco Indemnification and Community Revitilization Commission.)
Financial Assistance From Tobacco Settlement (74500)
a sum sufficient, estimated at $77,335,967 $94,847,905
Payments to the Tobacco Indemnification and Community Revitalization Fund (74501) FY2001 $64,446,639 FY2002 $79,039,921
Payment to the Virginia Tobacco Settlement Fund (74502) FY2001 $12,889,328 FY2002 $15,807,984
Trust and Agency FY2001 $77,335,967 FY2002 $94,847,905
Authority: Title 9, Chapter 50, and Title 32.1, Chapter 14, Code of Virginia
A. The State Comptroller shall deposit fifty percent of the Commonwealth’s Allocation pursuant to the Master Settlement Agreement with tobacco product manufacturers to the Tobacco Indemnification and Community Revitalization Fund, pursuant to § 9-385, Code of Virginia. There is hereby appropriated a sum sufficient estimated at $64,446,639 the first year and $79,039,921 the second year from the available balances in the Fund for the purposes set forth in § 9-383, Code of Virginia.
B. The State Comptroller shall deposit ten percent of the Commonwealth’s Allocation pursuant to the Master Settlement Agreement with tobacco product manufacturers to the Virginia Tobacco Settlement Fund, pursuant to § 32.1-360, Code of Virginia. There is hereby appropriated a sum sufficient estimated at $12,889,328 the first year and $15,807,984 the second year from available balances in the Fund for the purposes set forth in § 32.1-361, Code of Virginia.
C. The amounts deposited by the State Comptroller pursuant to the preceding Paragraphs A and B shall be included in the general fund revenue calculations for purposes of subsection C of § 58.1-3524 and subsection B of § 58.1-3536, Code of Virginia.
D. Out of this appropriation, the Tobacco Indemnification and Community Revitalization Commission is hereby authorized to expend for the purposes indicated below the amounts specified from the deposits to the Tobacco Indemnification and Community Revitalization Fund pursuant to the preceding Paragraph A:
Construct Biomedical Sciences Complex, Phase I at Virginia Tech
Establish a biotechnology center at Virginia Tech
9,671,276
Construct new science building at Longwood College
Renovate hospital facility for classrooms and technology center at the University of Virginia's College at Wise
Construct Learning Resource Building at Southwest Virginia Community College
Manufacturing Technology Building at Central Virginia Community College
Replace obsolete occupational and technical equipment at New River Community College
Replace obsolete occupational and technical equipment at Southside Virginia Community College
Replace obsolete occupational and technical equipment at Paul D. Camp Community College
Replace obsolete occupational and technical equipment at Danville Community College
Replace obsolete occupational and technical equipment at Patrick Henry Community College
Replace obsolete occupational and technical equipment at Virginia Western Community College
Replace obsolete occupational and technical equipment at Wytheville Community College
Replace obsolete occupational and technical equipment at Central Virginia Community College
Replace obsolete occupational and technical equipment at Southwest Virginia Community College
Replace obsolete occupational and technical equipment at Virginia Highlands Community College
Replace obsolete occupational and technical equipment at Mountain Empire Community College
Expand technology education at Radford University
5,385,309
Construct lodge at Hemlock Haven Conference Center and enhance lake at Hungry Mother State Park for the Department of Conservation & Recreation
New Museum Facility at the Museum of Natural History
$69,053,585