187#1s (VPISU/ID) VPI Maintenance Reserve Transfer. SB30 - Committee Approved

State Budget

1998 Session

Budget Amendments - SB30 (Committee Approved)

Bill Order » Item 187 #1s

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VPI Maintenance Reserve Transfer

Item 187 #1s

Item 187 #1s	First Year - FY1999	Second Year - FY2000
Education: Higher Education
Virginia Polytechnic Institute and State University	FY1999 ($4,703,837)	FY2000 ($4,703,837)	GF
	FY1999 ($6,035,000)	FY2000 $0	NGF

Language
Page 139, line 37, after "187" strike the remainder of the line through line 43 and insert "Omitted".

Explanation
(This amendment eliminates the proposal in Senate 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 187

Item 187	First Year - FY1999	Second Year - FY2000
Deferred Maintenance (73900)	$10,738,837	$4,703,837
Fund Sources:
General	FY1999 $4,703,837	FY2000 $4,703,837
Higher Education Operating	FY1999 $6,035,000	FY2000 $0

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