C-83#1s (VSU) VSU - Transfer funding to central accounts. SB700 - Committee Approved

State Budget

2003 Session

Budget Amendments - SB700 (Committee Approved)

Bill Order » Item C-83 #1s

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VSU - Transfer funding to central accounts

Item C-83 #1s

Item C-83 #1s	First Year - FY2003	Second Year - FY2004
Education: Higher Education
Virginia State University	FY2003 $0	FY2004 ($787,845)	GF

Language
Page 531, line 21, strike "$2,298,691" and insert "$1,510,846".

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

Item C-83

Item C-83	First Year - FY2003	Second Year - FY2004
Maintenance Reserve (12733)	~~$1,503,000~~ $1,723,000	~~$2,078,691~~ $2,298,691
Fund Sources:
General	FY2003 $1,000,000	FY2004 $1,575,691
Higher Education Operating	FY2003 ~~$503,000~~ $723,000	FY2004 ~~$503,000~~ $723,000

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