VSU Parking (language only)

Item C-232.80 #1h

Language
Page 580, strike lines 1 through 13 and insert:
"Virginia State University may use up to $733,000 in project balances from auxiliary enterprise fund sources to address the expansion of a parking lot."

Explanation
(This amendment removes proposed authority in the introduced budget to allow for general funds to be used in the construction of a parking lot. Parking is an auxiliary enterprise nongeneral fund activity. In § 4-4.01 o.3. of the budget it states the policy of the Commonwealth governing higher education parking and requires that it be operated as an auxiliary enterprise function and develop sufficient reserves for ongoing maintenance and replacement of parking facilities. The budget as introduced proposed to supersede § 4-4.01 o.3. and allow general fund balances to be used to construct a parking lot.)