244#1s (NSU) NSU Maintenance Reserve Transfer. SB30 - Committee Approved

State Budget

1998 Session

Budget Amendments - SB30 (Committee Approved)

Bill Order » Item 244 #1s

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NSU Maintenance Reserve Transfer

Item 244 #1s

Item 244 #1s	First Year - FY1999	Second Year - FY2000
Education: Higher Education
Norfolk State University	FY1999 ($352,585)	FY2000 ($352,585)	GF
	FY1999 ($2,270,000)	FY2000 $0	NGF

Language
Page 164, line 48, after "244" strike the remainder of the line through line 50 and insert "Omitted".
Page 151, strike lines 1 through 4.

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 244

Item 244	First Year - FY1999	Second Year - FY2000
Deferred Maintenance (73900)	$2,622,585	$352,585
Fund Sources:
General	FY1999 $352,585	FY2000 $352,585
Higher Education Operating	FY1999 $2,270,000	FY2000 $0

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