Department of Conservation and Recreation (199)
| Request Title | Assist the Norfolk Coastal Storm Risk Management Project |
| Biennium | 2024-2026 |
| Budget Round | Initial Bill |
| Category | New general fund spending initiatives |
| Region | None |
Description
|
Provides funding to the City of Norfolk to support the Norfolk Coastal Storm Risk Management Project. Also includes budget bill language authorizing the Secretary of Finance to issue an additional $21.0 million of state support to the City through a treasury loan to further contribute to the non-federal match, contingent upon the City applying revenues generated by a casino gaming establishment authorized under § 58.1-4107 (A)(4), Code of Virginia. This funding is a match to federal dollars. |
Funding Summary
| Object Type | FY 2024 | FY 2025 | |
| General Fund Dollars | $73,850,000 | $0 | |
| 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 2024 | FY 2025 |
| 503 | Land And Resource Management | $73,850,000 | $0 | |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
| 01000 | General Fund | $73,850,000 | $0 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 11-01-2025 16:07:57
