C-28#1s (NSU) NSU - Transfer funding to central accounts. SB700 - Committee Approved

State Budget

2003 Session

Budget Amendments - SB700 (Committee Approved)

Bill Order » Item C-28 #1s

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NSU - Transfer funding to central accounts

Item C-28 #1s

Item C-28 #1s	First Year - FY2003	Second Year - FY2004
Education: Higher Education
Norfolk State University	FY2003 $0	FY2004 ($428,143)	GF

Language
Page 516, line 24, strike "$856,285" and insert "$428,142".

Explanation
(This amendment reduces funding for the stand-alone maintenance reserve item at NSU by 50 percent, consistent with the Governor's actions to reduce funding at all institutions and agencies. A companion amendment provides supplemental funding for NSU through the central account maintenance reserve item.)

Item C-28

Item C-28	First Year - FY2003	Second Year - FY2004
Maintenance Reserve (12724)	$0	$856,285
Fund Sources:
General	FY2003 $0	FY2004 $856,285

Funds included in this item are designated for deferred maintenance needs identified in the Maintenance Backlog Plan for Educational and General Facilities.