A. The Director of the Department of Planning and Budget is hereby directed to transfer to agencies and institutions eighty-five percent of the following sums:

B. Institutions of higher education may use maintenance reserve funds in the first year to plan projects to be funded from allocations in the second year. Any institution of higher education which has not expended or contractually obligated itself in a legally binding manner to expend 85 percent or more of its biennial general fund appropriation for maintenance reserve by June 30, 1998, shall revert to the general fund of the Commonwealth the amount related to the difference between its percentage actually expended or obligated and the 85 percent standard. For good cause the Director of the Department of Planning and Budget may grant exceptions to this requirement.

C. Institutions of higher education may use maintenance reserve funds: to repair or replace damaged or inoperable equipment, components of plant, and utility systems; to correct deficiencies in property and plant required to conform with building and safety codes or those associated with hazardous condition corrections, including asbestos abatement; to correct deficiencies in fire protection, energy conservation and handicapped access; and to address such other physical plant deficiencies as the Department of General Services may approve. Institutions of higher education may also use maintenance reserve funds to make other necessary improvements or address minor deficiencies that do not meet the criteria for maintenance reserve funding with the prior approval of the Director of the Department of Planning and Budget.

D. The Department of General Services may transfer up to $2,000,000 from the balances in its building operations internal services fund to supplement its maintenance reserve project code 14260 for necessary repair and renovations of state office buildings.

E. Upon an official finding that revenue collections deposited to the State Treasury to the credit of the general fund for the fiscal year ending June 30, 1996 exceed official estimates listed in this act, the Governor shall allocate the amount of such surplus, not to exceed $9,864,514, which shall be in addition to the amounts provided for in this Item, to be apportioned among the several agencies and institutions, on a pro rata basis in relation to the amounts appropriated herein, for maintenance reserve programs and projects.

F. Of the amount specified for the Science Museum of Virginia, $40,000 shall be used for the renovation of the Universe Theater and $180,000 shall be used for the replacement of the Digistar projector.