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2005 Session

Budget Amendments - SB700 (Committee Approved)

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Virtual Library - Redirect Funds

Item 165 #3s

Item 165 #3s

First Year - FY2005 Second Year - FY2006
Education: Higher Education
State Council of Higher Education for Virginia FY2005 $0 FY2006 ($430,000) GF

Language
Page 171, line 34, strike "$10,057,375" and insert "$9,627,375".
Page 172, line 59, strike "$5,666,894" and insert "$5,236,894".
Page 173, line 2, after "Virginia." strike the remainder of the line and insert:
"Funding for the Virtual Library of Virginia is provided for the benefit of students and faculty at the Commonwealth's public institutions of higher education and participating nonprofit, independent private colleges and universities.  Out of this amount, $378,200 in each year is earmarked to allow the participation of nonprofit, independent private colleges and universities.".
Page 173, strike lines 3 through 6.


Explanation
(This amendment removes $430,000 from the general fund in the second year that was provided in Senate Bill 700, as introduced, to increase acquisitions through the Virtual Library of Virginia. The amendment further clarifies the General Assembly's intent that the funding be used for the benefit of Virginia's public institutions of higher education and participating nonprofit, independent private colleges and universities.)