167#1h (CVC) Maintenance Reserve Transfer. HB30 - Committee Approved

State Budget

1998 Session

Budget Amendments - HB30 (Committee Approved)

Bill Order » Item 167 #1h

Maintenance Reserve Transfer

Item 167 #1h

Item 167 #1h	First Year - FY1999	Second Year - FY2000
Education: Higher Education
Clinch Valley College	FY1999 ($150,393)	FY2000 ($150,393)	GF
	FY1999 ($125,000)	FY2000 $0	NGF

Language
Page 136, line 28, after "182" strike the remainder of the line through line 34 and insert "Omitted".

Explanation
(This amendment eliminates the proposal in House Bill 30 to transfer maintenance reserve funding to the operating budgets of higher education institutions. A companion amendment to Item C-1 restores funds for the program to the capital outlay section of the budget bill.)

Item 167

Item 167	First Year - FY1999	Second Year - FY2000
Deferred Maintenance (73900)	$2,470,555	$2,470,555
Fund Sources:
General	FY1999 $2,470,555	FY2000 $2,470,555

This appropriation shall be transferred to the capital project code listed for the Virginia Community College System in Paragraph D of Item C-1 and shall be subject to the conditions in that item.