260#1h (VCCS) Maintenance Reserve Transfer. HB30 - Committee Approved

State Budget

1998 Session

Budget Amendments - HB30 (Committee Approved)

Bill Order » Item 260 #1h

Maintenance Reserve Transfer

Item 260 #1h

Item 260 #1h	First Year - FY1999	Second Year - FY2000
Education: Higher Education
Virginia Community College System	FY1999 ($2,470,555)	FY2000 ($2,470,555)	GF

Language
Page 129, line 21, after "167" strike the remainder of the line through line 26 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 260

Item 260	First Year - FY1999	Second Year - FY2000
Deferred Maintenance (73900)	$2,238,877	$574,877
Fund Sources:
General	FY1999 $574,877	FY2000 $574,877
Higher Education Operating	FY1999 $1,664,000	FY2000 $0

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