1999 Session

Budget Amendments - HB1450 (Committee Approved)

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Fund Switch Finance Building

Item C-11.20 #1h

Item C-11.20 #1h

First Year - FY1999 Second Year - FY2000
General Services, Department of FY1999 $0 FY2000 ($1,000,000) GF
FY1999 $0 FY2000 $1,000,000 NGF

Page 472, after line 43, insert:
"The nongeneral source of funds in this item shall be excess proceeds of the Virginia Public Building Authority.  The Governor shall authorize the initiation of this project upon certification to him by the Virginia Public Building Authority that:  an arbitrage rebate liability calculation has been completed, an affirmation opinion of bond counsel has been received, and excess bond proceeds of the Authority are available."

(This amendment frees up proposed general fund appropriations by identifying alternative special fund sources to support the project.)