2006 Special Session I

Budget Amendments - HB5002 (Conference Report)

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Clarification of Reporting of Private Gifts to Higher Ed (language only)

Item 2 #2c

Item 2 #2c

Legislative Department
Auditor Of Public Accounts

Page 8, following line 24, insert:
"C. For purposes of reporting under § 30-133 H.1
of the Code of Virginia,  the Auditor of Public Accounts shall include all appropriated funds and other sources under the control of state-supported institutions of higher education, except for the activity of private gifts, including endowment funds and unrestricted gifts referenced in § 23-9.2. of the Code of Virginia.  The exclusion of this activity does not affect public access to these records unless otherwise specifically exempted by law."

(This amendment exempts all public colleges and universities in Virginia from reporting endowment and private gifts to the Auditor of Public Accounts.)