The 2008 Executive Budget Document
Department of Motor Vehicles Transfer Payments
Mission Statement
To provide financial assistance to localities and Highway Safety grantees by administering the collection and disbursement of local Rental Tax, Mobile Home Tax, and Highway Safety Funds as required by the Code of Virginia.
New Operating Budget Summary
| General Fund | Nongeneral Fund | Positions | |
|---|---|---|---|
| 2009 Addenda | $ 0 | $ 73,086,529 | 0.00 |
| 2009 Total | $ 0 | $ 73,086,529 | 0.00 |
| 2010 Addenda | $ 0 | $ 73,086,529 | 0.00 |
| 2010 Total | $ 0 | $ 73,086,529 | 0.00 |
Recommended Operating Budget Addenda
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Establish appropriation in new transfer payments subsidiaryTransfers appropriation for financial assistance to localities from the Department of Motor Vehicles' operating budget to this newly created agency subsidiary. These transfer payments include the rental vehicle tax fund, the mobile home tax fund, disposal of abandoned vehicles fund, and federal transportation safety grants. Movement to this subsidiary will facilitate planning and budgeting for these payments. For each year, $73.1 million (NGF).