255#1c (VMI) VMI Maintenance Reserve Transfer. SB30 - Conference Report

State Budget

1998 Session

Budget Amendments - SB30 (Conference Report)

Bill Order » Item 255 #1c

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VMI Maintenance Reserve Transfer

Item 255 #1c

Item 255 #1c	First Year - FY1999	Second Year - FY2000
Education: Higher Education
Virginia Military Institute	FY1999 ($978,868)	FY2000 ($978,868)	GF
	FY1999 ($368,000)	FY2000 $0	NGF

Language
Page 168, line 42, after "255" strike the remainder of the line through line 48 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 255

Item 255	First Year - FY1999	Second Year - FY2000
Deferred Maintenance (73900)	$1,346,868	$978,868
Fund Sources:
General	FY1999 $978,868	FY2000 $978,868
Higher Education Operating	FY1999 $368,000	FY2000 $0

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