2002 Session

Budget Amendments - SB29 (Member Request)

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Chief Patron: Governor Warner
Maintenance Reserve with Interest Earnings

Item C-200 #1g

Item C-200 #1g

First Year - FY2001 Second Year - FY2002
Central Appropriations
Central Capital Outlay FY2001 $0 FY2002 ($1,500,000) GF
FY2001 $0 FY2002 $1,500,000 NGF

Page 512, line 33,  strike "$25,000,000" and insert "$23,500,000".
Page 515, after line 12, insert:
"F. The source of funds for the Debt Service appropriation in this item includes $1,500,000 in interest earned on proceeds of general obligation bonds authorized by Chapters 781, 789, 849, 892, 894, and 896 of the 1992 Virginia Acts of Assembly."

(This amendment replaces general fund dollars with excess interest earnings from the 1992 General Obligation Bond proceeds. Tax law allows these excess funds to be used for capital projects.)