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State Budget

1998 Session

Budget Amendments - SB29 (Committee Approved)

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Central Distribution Center

Item C-8.40 #1s

Item C-8.40 #1s

 First Year - FY1997 Second Year - FY1998
Administration
General Services, Department of FY1997 $0 FY1998 $2,231,000 NGF

Language
Page 148, line 22, strike "$10,269,000" and insert "$12,500,000".
Page 148, line 21, following "Distribution" strike "Warehouse" and insert "Center"
Page 148, line 24, following "Treasury" strike "may" and insert "shall"
Page 148, line 25, following "to" strike "10,269,000" and insert "12,500,000"
Page 148, line 27, following "interest" insert "at a rate equal to the general fund composite investment rate.  Interest charges shall be based on the outstanding loan balance less an amount equal to the average monthly operating cash balance of the Virginia Distribution Center"

Explanation
(This amendment increases the nongeneral fund appropriation for the replacement of the Virginia Distribution Center and clarifies terms of the Treasury loan.)

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