2002 Session

Budget Amendments - SB30 (Committee Approved)

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Treasury Board Capital Construction Fee

Item 296 #4s

Item 296 #4s

First Year - FY2003 Second Year - FY2004
Treasury Board FY2003 ($5,250,000) FY2004 ($5,250,000) GF
FY2003 $5,250,000 FY2004 $5,250,000 NGF

Page 221, line 48, after "A." insert "1.".
Page 221, after line 52, insert :
"2.  Out of this appropriation $5,250,000 the first year and $5,250,000 the second year from nongeneral funds is provided to support the debt service costs of bonds issued under the Building Virginia's Future capital program.  The source of the nongeneral funds shall be the Capital Construction Fee authorized in Section 4-2.01 b. of this Act.  The Director, Department of Planning and Budget shall transfer the nongeneral funds collected through the fee from the institutions of higher education to the Treasury Board."

(This amendment offsets general funds provided for debt service with a fee to be assessed in support of the Building Virginia's Future capital program.)