Department of Motor Vehicles Transfer Payments (530)
Request Title | HB 1541: Central Virginia Transportation Authority |
Biennium | 2020-2022 |
Budget Round | Initial Bill |
Half Sheet Number | 440 #1c |
Description
This amendment provides $47.1 million from the nongeneral fund in fiscal year 2021 and $51.4 million from the nongeneral fund in fiscal year 2022 pursuant to the passage of House Bill 1541 which creates the Central Virginia Transportation Authority, composed of the counties and cities located in Planning District 15. The Authority will administer transportation funding generated through the imposition of an additional regional 0.7 percent sales and use tax and a 2.1 percent wholesale gas tax. This amendment appropriates the revenues from the motor fuel sales tax increase. A companion amendment under VDOT appropriates the sales and use tax revenue. |
Funding Details
By Program | Program Code | Program Title | FY 2020 | FY 2021 |
728 | Financial Assistance To Localities - General | $47,093,109 | $51,405,817 | |
By Fund | Fund Code | Fund Title | FY 2020 | FY 2021 |
04540 | Motor Vehicle Special Fund | $47,093,109 | $51,405,817 |
Authorized Position Details
By Program | Program Code | Program Title | FY 2020 | FY 2021 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 19:30:51