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2006 Special Session I

Budget Amendments - HB5002 (Conference Report)

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Infrastructure PPEA Capital Lease Limitations (language only)

Item 426 #1c

Item 426 #1c

Technology
Virginia Information Technologies Agency

Language
Page 362, after line 42, insert:
"I.  Total outstanding tax supported capital leases entered into as part of the infrastructure public private partnership shall not exceed the following amounts:
FY 2007 $27,641,748
FY 2008 $79,034,672
FY 2009 $100,924,511
FY 2010 $92,869,429
FY 2011 $80,077,305
FY 2012 $69,165,610
FY 2013 $63,449,809
FY 2014 $61,996,583
FY 2015 $48,585,958
FY 2016 $42,280,313".


Explanation
(This amendment establishes annual upper limits on the capital leases entered into as part of the infrastructure public private partnership by the Virginia information Technologies Agency.)