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2009 SESSION
SB 1050 Natural Resources Commitment Fund; Dept. of Conservation, etc., to provide annual funding needed.
Introduced by: Mary Margaret Whipple | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Virginia Natural Resources Commitment Fund; funding. Provides for the Department of Conservation and Recreation to determine the annual funding needs for agricultural best management practices and to provide the same to the Governor. The bill also changes the formula for allocating moneys in the Virginia Natural Resources Commitment Fund. Eight percent will be distributed to the soil and water conservation districts, 55 percent will be used for matching grants for BMPs on lands within the Chesapeake Bay watershed, and 37 percent will go to matching grants outside the Chesapeake Bay watershed.
SUMMARY AS PASSED SENATE:
Virginia Natural Resources Commitment Fund; funding. Provides that beginning with the 2010-2011 fiscal year and for each fiscal year thereafter, the Governor through the budget process would propose appropriations for funding of the Virginia Natural Resources Commitment Fund (the Subfund). For each fiscal year the Governor would propose appropriations for funding of the Fund in an aggregate amount that would not be less than (i) 150 percent of the greatest, aggregate appropriation to the Fund included in any prior act of the General Assembly or (ii) $30 million, whichever is greater, provided that each proposed annual appropriation shall not exceed $50 million. The bill would also change the formula for distributions from the Fund.
SUMMARY AS INTRODUCED:
Virginia Natural Resources Commitment Fund; funding. Provides that beginning with the 2010-2011 fiscal year and for each fiscal year thereafter, the Governor through the budget process would propose appropriations for funding of the Virginia Natural Resources Commitment Fund (the Subfund). For each fiscal year the Governor would propose appropriations for funding of the Fund in an aggregate amount that would not be less than (i) 150 percent of the greatest, aggregate appropriation to the Fund included in any prior act of the General Assembly or (ii) $30 million, whichever is greater. The bill would also change the formula for distributions from the Fund.