1997 Session

Budget Amendments - SB700 (Conference Report)

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VPI Transponder Costs

Item 181 #3c

Item 181 #3c

First Year - FY1997 Second Year - FY1998
Education: Higher Education
Virginia Polytechnic Institute and State University FY1997 $253,400 FY1998 $253,400 GF

Page 147, line 37, strike "$265,794,822" and insert "$266,048,222".
Page 147, line 38, strike "$274,984,137" and insert "$275,237,537".
Page 148, line 11, after "telecommunications services" strike "." and insert:
"including overhead charges, the full costs of which shall not exceed 11.75 percent of the total cost.  Effective July 1, 1997, administration of the digital satellite contract will be transferred to Old Dominion University and overhead charges will be eliminated."

(This amendment provides funds to cover recent cost increases in the satellite transponder industry, and to support technology needs at Virginia Tech. The language indicates that an overhead rate of not more than 11.75 percent will be charged for the second and third years of the telecommunications contract. Sufficient funds are provided so that Virginia Tech can meet any outstanding payments due to the Department of Information Technology.)