1997 Session

Budget Amendments - SB700 (Committee Approved)

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SCHEV C'wealth Health Res. Ops.

Item 158 #5s

Item 158 #5s

First Year - FY1997 Second Year - FY1998
Education: Higher Education
State Council of Higher Education for Virginia FY1997 $0 FY1998 $15,000 GF
FY1997 $0 FY1998 $25,000 NGF

Page 130, line 34, strike "$6,101,758" and insert "$6,141,758".
Page 132, after line 19, insert:
"H.  1. This appropriation includes $15,000 in the second year from the general fund, and $25,000 in the second year from nongeneral funds, for expenses incurred by the staff of the Council of Higher Education in its role to provide administrative support to the board of the Commonwealth Health Research Fund.
2.  The Commonwealth Health Research Board, the State Council of Higher Education, the Board of the Virginia Retirement System, the State Treasurer, and the Department of Accounts shall enter into a memorandum of understanding establishing procedures governing the management, administration, and disbursement of moneys in the Commonwealth Health Research Fund, and other financial activities related to the implementation of this program, by September 1, 1997."

(This amendment provides general fund support to cover non-reimbursed expenses of the staff of the Council of Higher Education for services to the Commonwealth Health Research Fund (SB 1047). The nongeneral fund appropriation will cover expenses directed by the Fund board, which will be reimbursed from the Fund's earnings. The language also directs several state agencies and the Council to develop a memorandum of understanding related to the financial operations of the Fund.)