3-3.01#1s (Payment by the Virginia Public School Authority) VPSA General Fund Excess Balances. SB800

State Budget

2001 Session

Budget Amendments - SB800 (Committee Approved)

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VPSA General Fund Excess Balances (language only)

Item 3-3.01 #1s

Item 3-3.01 #1s
General Fund Deposits
Payment by the Virginia Public School Authority

Language
Page 574, line 14, strike "$500,000" and insert "$1,143,382".

Explanation
(This amendment increases the June 30, 2002 transfer from the Virginia Public School Authority general fund to capture excess balances in this biennium.)

Item 3-3.01

Item 3-3.01

§ 3-3.01 PAYMENT BY THE VIRGINIA PUBLIC SCHOOL AUTHORITY

A. The Virginia Public School Authority shall transfer to the general fund an amount estimated at $137,000 on or before June 30, 2001, and an amount estimated at $137,000 on or before June 30, 2002, to reimburse the Commonwealth for staff and other administrative services provided to the Authority by the Department of the Treasury.

B. The Virginia Public School Authority shall transfer to the general fund an amount estimated at $500,000 on or before June 30, 2002.

State Budget

2001 Session

Budget Amendments - SB800 (Committee Approved)

VPSA General Fund Excess Balances (language only)

Item 3-3.01 #1s

Item 3-3.01 #1s

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Item 3-3.01