232#1c (LC) LC Maintenance Reserve Transfer. HB30 - Conference Report

State Budget

1998 Session

Budget Amendments - HB30 (Conference Report)

Bill Order » Item 232 #1c

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LC Maintenance Reserve Transfer

Item 232 #1c

Item 232 #1c	First Year - FY1999	Second Year - FY2000
Education: Higher Education
Longwood College	FY1999 ($274,999)	FY2000 ($274,999)	GF
	FY1999 ($679,000)	FY2000 $0	NGF

Language
Page 160, line 29, after "232" strike the remainder of the line through line 35 and insert "Omitted".

Explanation
(This amendment eliminates the proposal in the budget bill, as introduced, 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 232

Item 232	First Year - FY1999	Second Year - FY2000
Deferred Maintenance (73900)	$953,999	$274,999
Fund Sources:
General	FY1999 $274,999	FY2000 $274,999
Higher Education Operating	FY1999 $679,000	FY2000 $0

This appropriation shall be transferred to the capital project code listed for Longwood College in Paragraph D of Item C-1 and shall be subject to the conditions stated in that sum.