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2005 Session

Budget Amendments - HB1500 (Conference Report)

RU - NGF Blanket Authorization (language only)

Item C-55.20 #1c

Item C-55.20 #1c

Education: Higher Education
Radford University

Language
Page 504, after line 41, insert:
Higher Education Operating....a sum sufficient.
This blanket authorization provides a sum sufficient nongeneral fund appropriation  for projects initiated under § 4-4.01 o.3. of this act."

              
"C-55.20 Nongeneral Fund Capital Outlay Blanket Authorization
 
 



Explanation
(This amendment establishes a sum sufficient nongeneral fund appropriation under which the institution can initiate "unforeseen" capital projects without first seeking approval from the General Assembly. A companion amendment in Part IV, § 4-4.01, sets forth the conditions under which the institution can use this appropriation. This language is the result of work by the Joint Subcommittee Studying the Relationship Between the State and Its Higher Education Institutions and is consistent with the decentralization efforts contained in House Bill 2866/Senate Bill 1327, 2005 Session.)