1997 Session

Budget Amendments - HB1600 (Committee Approved)

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Prepaid Tuition Pay-Back (language only)

Item 3-2.01 #1h

Item 3-2.01 #1h

Working Capital Funds and Lines of Credit
Advances to Working Capital Funds

Page 418, line 52, strike "$500,000" and insert "$2,000,000"

(This amendment increases from $500,000 to $2.0 million the second year repayment of a capital advance made to the Virginia Higher Education Tuition Trust Fund. A companion amendment in Item 530 provides the Governor the authority to use agency balances to offset up to $1.5 million of the repayment should the trust fund not have sufficient revenues from contracts and administrative fees by June 30, 1998, to make the full repayment.)