1999 Session

Budget Amendments - HB1450 (Committee Approved)

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Piedmont Equipment

Item 161 #2h

Item 161 #2h

First Year - FY1999 Second Year - FY2000
Education: Higher Education
Virginia Community College System FY1999 $139,684 FY2000 ($37,011) GF

Page 156, line 13, strike "$373,415,308" and insert "$373,554,992".
Page 156, line 14, strike "$392,258,397" and insert "$392,221,386".
Page 160, strikes lines 42 through 46 and insert:
"V. This appropriation includes $165,000 from the general fund in the first year for the purchase of equipment for facilities at Piedmont Virginia Community College.  In addition, the appropriation includes $74,355 in the first year and $108,758 in the second year from the general fund for the first two of five annual payments for the lease-purchase of equipment totaling $485,000 for facilities at the college."

(This amendment adjusts funding for equipment for the Humanities Building at Piedmont Virginia Community College. The 1998 budget bill provided $99,671 in the first year and $145,769 in the second year for debt service for a five-year Treasury loan of $650,000. It was determined that some of the equipment was not eligible for financing through the Treasury loan program, and this amendment adjusts funding accordingly.