209#1s (SWHEC) SWVA HE Ctr E-Business Development Ctr. SB30 - Committee Approved

State Budget

2000 Session

Budget Amendments - SB30 (Committee Approved)

Bill Order » Item 209 #1s

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SWVA HE Ctr E-Business Development Ctr

Item 209 #1s

Item 209 #1s	First Year - FY2001	Second Year - FY2002
Education: Higher Education
Southwest Virginia Higher Education Center	FY2001 $250,000	FY2002 $250,000	GF
	FY2001 $25,000	FY2002 $35,000	NGF
	FY2001 4.00	FY2002 4.00	FTE

Language
Page 169, line 33, strike "$1,817,375" and insert "$2,092,375".
Page 169, line 33, strike "$1,842,381" and insert "$2,127,381".

Explanation
(This amendment provides funds for creation of an E-Business Development Center at the Southwest Virginia Higher Education Center to serve as a small business incubator for e-commerce applications. The center will provide market analysis, training, specialized equipment and technical assistance.)

Item 209

Item 209	First Year - FY2001	Second Year - FY2002
Administrative and Support Services (11900)	$1,817,375	$1,842,381
General Management and Direction (11901)	FY2001 $1,817,375	FY2002 $1,842,381
Fund Sources:
General	FY2001 $1,440,375	FY2002 $1,440,381
Higher Education Operating	FY2001 $377,000	FY2002 $402,000

Authority: Title 23, Chapter 16.1, Code of Virginia.

Out of this appropriation, $80,880 the first year and $80,880 the second year from the general fund is designated for the third and fourth of five annual payments for the lease purchase of computing and instructional equipment totaling approximately $350,000.