Department of Accounts Transfer Payments (162)
| Request Title | Establish appropriation for sales tax distributions to localities with tourism zones |
| Biennium | 2014-2016 |
| Budget Round | Amended Bill |
| Category | Mandates |
| Region | Multiple Regions |
Description
|
Establishes an appropriation to distribute funding to localities with qualifying tourism zone projects. Under the Code of Virginia, localities with qualifying projects receive funding equal to a one percent sales tax on purchases at the tourism project to pay for debt service related to gap financing used to finance the tourism project. |
Funding Summary
| Object Type | FY 2014 | FY 2015 | |
| General Fund Dollars | $125,000 | $125,000 | |
| Nongeneral Fund Dollars | $0 | $0 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
| 728 | Financial Assistance To Localities - General | $125,000 | $125,000 | |
| By Fund | Fund Code | Fund Title | FY 2014 | FY 2015 |
| 0100 | General Fund | $125,000 | $125,000 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 01:56:33
