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2000 Session

Budget Amendments - HB30 (Conference Report)

HHR VPBA Interest Fund Switch

Item C-144.10 #2c

Item C-144.10 #2c

First Year - FY2001 Second Year - FY2002
Health And Human Resources
Health and Human Resource Capital Clearing Account FY2001 ($1,543,466) FY2002 ($1,543,466) GF
FY2001 $1,543,466 FY2002 $1,543,466 NGF

Language
Page 410, after line 15, insert:
"§ 2-29.10 Health and Human Resources Capital Clearing Account"
Page 410, after line 15, insert:
"The Debt Service amount included in this Item consists of reserve fund proceeds and excess interest earned on Virginia Public Building Authority bonds.  The Director of the Department of Planning and Budget shall withhold $1,543,466 from the general fund each year from the amounts included in Items C-140 through C-144 of this act, and reallocate to the respective projects the debt service amounts appropriated in this Item."

                             
"C-144.10 Capital Clearing Account
$0
 
$0
 
Fund Sources: General
Debt Service
($1,543,466)
$1,543,466
 
($1,543,466)
$1,543,466"
 



Explanation
(This amendment provides general fund savings of $1.5 million each year, by utilizing available reserve funds and excess interest earnings of certain revenue bond projects in place of the general funds.)