2003 Session

Budget Amendments - HB1400 (Conference Report)

View Budget Item
View Budget Item amendments

Virginia Horse Center

Item 512 #5c

Item 512 #5c

First Year - FY2003 Second Year - FY2004
Central Appropriations
Central Appropriations FY2003 $0 FY2004 $851,280 GF

Page 480, line 25, strike "$22,893,238" and insert "$23,744,518".
Page 484, line 37, after "K.", insert "1."
Page 484, after line 40 insert:
"2. Out of this appropriation, $851,280 from the general fund is provided in fiscal year 2004 for operating support of the Virginia Equine Center Foundation.  It is the intent that the General Assembly’s support in subsequent years shall be as follows:
2005 $637,401
2006 $422,550
2007 $210,510
2008          $0
The Virginia Equine Center Foundation shall develop a business plan incorporating strategies to generate sufficient revenues to offset declining general fund support.  This plan shall be submitted to the chairmen of the House Appropriations and Senate Finance Committees by November 1, 2003."

(This amendment provides declining operating support for the Virginia Equine Center Foundation and requires development of a business plan that results in self-sufficiency for the organization.)