199#2h (ODU) Maintenance Reserve Transfer. HB30 - Committee Approved

State Budget

1998 Session

Budget Amendments - HB30 (Committee Approved)

Bill Order » Item 199 #2h

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Maintenance Reserve Transfer

Item 199 #2h

Item 199 #2h	First Year - FY1999	Second Year - FY2000
Education: Higher Education
Old Dominion University	FY1999 ($920,525)	FY2000 ($920,525)	GF
	FY1999 ($440,000)	FY2000 $0	NGF

Language
Page 146, line 22, after "194" strike the remainder of the line through line 28 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 199

Item 199	First Year - FY1999	Second Year - FY2000
Deferred Maintenance (73900)	$1,360,525	$920,525
Fund Sources:
General	FY1999 $920,525	FY2000 $920,525
Higher Education Operating	FY1999 $440,000	FY2000 $0

This appropriation shall be transferred to the capital project code listed for Old Dominion University in Paragraph D of Item C-1 and shall be subject to the conditions stated in that item.